Ann: Hamersley Iron Project Agreement , page-8

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  1. 418 Posts.
    why are we selling our 49% stake;
    I suppose the announcement said:
    "SVG also has the right to purchase 100% equity interest in the project by paying CAZ $0.50/tonne of its participating interest in a JORC compliant mineral resource within 18
    months or, if between 18 months and 36 months, by the payment of $1.00/tonne of CAZ�s participating interest in a JORC compliant mineral resource. Current inferred resources for
    the project are stated at 143mt @ 52.6% Fe (55.6% CaFe)"

    So as per the aggrement I supppose SVG always had a right to excerise this option at their discretion.
 
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