"Rio would be selling this because its simply too small to make a difference to them. They may hate Indonesia as well but I don't know. Lets assume that they do as everyone does so thats just normal."
Honestly can you guys read the announcements before offering this "great" advice.
Rio hasnt owned these licenses for ages. They stopped work on them over 20 years ago and now Victory West P/L owns them. Do yourself a favour and go to the ASIC webby and see who the directors and shareholders of Victory West are.
A little more research will tell you roughly how much Molybdenum mining goes on currently in Indonesia. Have a guess? That means that not only will they need to raise a bucketload of money to explore the area, they will also have to raise more money to mine and refine it.
But hey, why let the truth get in the way of "great advice"!
RCH
richfield group limited
