sw they have told you what the deal is , 2 -5% FOB royalty on 260 mill tonnes of ore ( or prob less when the reserves are done ) what they dont know is the price of iron ore when they ship , if its $100 a tonne and they get $5 a tonne ( max 5%) isnt that a lot of money with no further outlay for mining or infrastructure ?? it could be worth a billion to them .
fmg option to license iron valley, page-15
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