TAS, these guys could be zero's or heroe's, depending on what exploration finds over the next year.
Targeting IOCG deposits in close proximity to Olympic Dam.
Upsides: - Find a potential company make - RIO has done due diligance on them and formed JV - Cashed up to complete the exploration program - Similar style rocks identified at Vulcan prospect - Had some encouraging results to date - Significant geophysical targets
Downsides: - Exploration play, so nothing is certain - Very little in the way of other significant projects, although to be fair, this one project is enough to keep them busy for then following couple of years
So if these guys find a great deposit then the returns will be significant. If not then your not going to make any money at all on a speculative stock like this one.
Disc, I hold given the potential upside of an IOCG discovery in close proximity to OD.
