I agree that BPT/Mitsui will be hanging out to get as much as they can of P50. Hopefully, they don't get more than 25%. Our only chance of getting something out of this fiasco is to have enough left to farm down for drilling later.
Only problem will be finding a farminee. I've always fancied AWE who have lots of cash ($340m) but I could only see them come in for a slice. BPT certainly have alot of cash. I think the only way we will get a shot at the drill is to split it up into several slices for mid tiers because none of the big players have shown any interest in taking it on. STO could be interested in a slice. I know it all sounds like pie in the sky at the moment but I'm trying to be positive. If EPR do make a deal re the Fermat debt then the next step will be a CR and they better have a plan if they want to get a CR off.
ANZ
EPR Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
