Perhaps I misunderstand and take the report too literally.  Given Jim's comments today, the news must mean that once again the government of Indonesia is only setting things up for further legalized stealing from Freeport. 

"The divestment will be structured so that FCX will retain control over operations and governance of PT-FI", FT-PI being the partnership with the government.

http://investors.fcx.com/investor-center/news-releases/news-release-details/2017/Freeport-McMoRan-Announces-Framework-for-Agreement-with-Indonesian-Government-Regarding-Long-Term-Operating-Rights-for-PT-Freeport-Indonesia/default.aspx

In any case, would you think that this could prompt Freeport to allocate a little cash toward exploration activites in areas with very much lower "country risk", ...such as Arizona?  I ask because if they are to be paid, Freeport should get a pile of cash out of this, even if paid in installments.  And, several hundred thousand dollars, or a couple of million at risk in an exploration activity (or two or three...) should not povoke any serious SEC disapproval.

Speaking of SEC, I believe the Trump administration wants to repeal such restrainst anyway, but we haven't seen that yet.

Thank you.

VP