Most analysts in their fair value calcs ascribe around a 25% chance, of Jabiluka happening as currently planned.
What chance though of ERA running Jabiluka underground same as Ddeeps? The grade is very very attractive for Jabiluka, and going undergound may just get the Mirrar prepared to discuss even.
Given the cost of any other mine new setup in Australia, surely this has to be an option.
So you have RIO taking 25% of LH from paladin to keep volume up until Deeps and Jabiluka come on song.
Probably head in clouds stuff at this stage as we don't even have Deeps final approval etc! Just thought it was interesting to discuss given everything else happening.
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