Anthony McDonald

A huge judgment.

I mean, this one needs the big chook's brain here.

Yeah.

Can you tell us...

1,655 pages.

Yeah, good explanation.

All right, Gina Reinhart's going to have to make some payments here, and she could be out of pocket quite a bit, you know, like enough to send 99.9% of us bankrupt.

But, you know, good thing her Hancock prospecting has the best part of $20 billion in the bank.

So the Wrights think they're owed probably $800 or $900 million just on the hope down royalties.

It's been producing iron ore for the best part of 20 years.

They think if you just look at the tons that have come out, times it by the average iron ore price, at interest, you're looking at 800 to 900 million bucks all up.

That'd be split with Rio Tinto.

I mean, Hancock completely disagrees with that.

They're talking tens of millions at most, not hundreds, not 800, not 900.

So it's probably going to be left up to the court.

Yeah, I mean, at first glance, James, it's a bit of a surprise that Justice Smith makes the ruling and doesn't quantify it because at the end of the day, the number is really what the story is here.

You have to also remember that Justice Smith, I mean, what she was dealing with here, we've got a case about what two blokes were doing back in the 50s, 60s, 70s.

Both men passed away.

Those interests went to the next generation in their families, not without some really protracted disputes.

So the people like Eugenia Reinhart, the next generation, they've done their own updates to the agreements, their own deals with the different assets that their fathers were talking about.