I reckon RIO are very interested in this play, they are very keen to move into further into the Lithium space and you could not find a better location than on the doorstep of their Pilbara mining operations. I would not expect them to make a move until at least 100mt is proven and the likelihood of a much greater resource is likely.
As for AZR they are an explorer not a miner and to go ahead as a one mine operator is not ideal. MC is obviously the king maker and again why would he go mining with the obvious risks when you can walk away with 3B.
I reckon a bid will be lobbed with the SP at $3 and the bid at $6 with the blessing of MC, that will leave plenty of long term upside with a RIO.
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