A positive scenario indeed... Can't see any problems with approvals. and Baosteel is certainly going ahead with mining Pilbara iron ore. They'll need every bit of it to supply Mr trump with steel for starters... He used their steel for Trump Tower and was very happy....
So Cullen should get the $2 mil and royalties. And once FMG starts paying Cullen for using its tenements, more money in the kitty... Cullen would be viable again financially and able to go back to what it does best: Tenements acquisition and Exploration.
My bet is still on 2017 to be a great year. Last time CUL shined was in 2007... a very long time between drinks... but such is life in stock trading... punters eat last.
Ann: Sale of Joint Venture Interest, page-5
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