gate sales with rio would be ideal, page-7

most likely outcome is still a mine gate deal with bhp rather than rio.

5 to 10mt (let alone 2mt) from one site will not leave UMC looking on in the future. But the more than significant cash flow will underpin the other sizable and equally profitable developments. Whether you have 300mt or 500mt is academic as far as the market is concerned - you wont be shifting even 10% of it in the first 3 years anyway. But delaying getting anything to market for even 12 months is totally incongruent with everything UMC and every other minnow is attempting to do.

Getting to market is the key. More so than the size and shape of the initial deal.