Bye, page-4

The RCO board are likely to return the capital raised from sale of the Weeks Royalty interest to shareholders. FZR is a ~47% shareholder in RCO. Ergo, assuming the capital is returned by the RCO board, FZR could arguably offer ~double market value to secure the Royalty interest if they wanted to.

If it doesn't fetch a good price, the RCO shareprice will drop, and FZR's investment accordingly too.

Personally, I hope FZR do win the bidding process - ~$1m p.a. from Buru and ~$600k p.a. from Weeks would underpin a ~36cps shareprice at 20x PER (ignoring any debt taken on by FZR to finance the Weeks purchase, and not accounting for the ~15cps of value FZR has in cash, BYE shares and accumulated tax losses).