fmg option to license iron valley, page-13

Okay I've had more time to digest this now. A few significant concerns:

1. Why hasn't management told us exactly what the % FOB royalty will be? Sorry fellas but that's our iron ore in the ground and if you are gonna sell it, at least tell us how much you sold it for. I want some transparency please.

2. Compared to our RIO deal on Koodaideri Sth, this seems like a second rate deal for IOH. We got $32 Mill cash for Koodaideri, none of this 13 month "wait a while" and we still got 2% FOB royalty from RIO. Sure the royalty from IV is potentially higher but we still don't know the detail on that (as per point 1 above).

3. As others have pointed out, if Bungaroo South is destined for a similar deal, we are basically giving all our DSO resources away for a smallish cash injection now, and a mediocre cash flow at some point in the distant future. Again, without knowing the royalty details it's hard to judge the value, but am I holding this stock to draw a yearly dividend of maybe 25c-50c per share in 2017?

4. Once all the DSO is sold off, we are left only with magnetite and nowhere near enough money to develop it on our own... Are we going to become another GBG? Check their share price out and tell me what you think.

Sounding a little negative this afternoon, but these things need to be thrashed out & I'd give a penny for the thoughts of others.