I think the $50m covers more than just the coaster if the headline @Gazza posted is to be trusted.For a second I thought the coaster was confirmed to be named Mammoth! For those wondering, 50 million AUD is about £27.5M. A surprising amount for a struggling park whose last coaster was a Maurer SkyLoop in 2011, but I suppose they have to ship it pretty far.
It appears that's where this ride is going. Basing it off of this photo's panoramic shot of the coaster, I've cross-checked its site using Google Earth - it appears to be replacing some of the defunct Thunder River Rapids layout, as well as its water reservoir (the place where all the rapids' water goes when the trough is drained). If this is successful, I hope that Dreamworld can bounce back and install more larger scale coasters to one-up Warner Bros Movie World's coaster selection.Would fit well in the big, not at all conspicuous, patch of land that is where the rapids used to be.
The advertised 1.2km length (3,937 feet) seemed substantially longer than Blue Fire's 3,464 foot track; at first, I thought it was a small statistical inaccuracy, but I'm very excited to see that it's turned into something more exciting!