What RIO is sitting on in the Paterson with Winu & AZY JV, is potentially a future top 5 profitable global mining operation.
Australia's biggest gold output mining operation & world's No.9 biggest gold producer the Boddington Gold Mine, and the most profitable gold mine in the world Cadia, are both low-grade gold deposits. Boddington's head grade is around 0.6 g/t gold, and Cadia's is between 0.3-0.4 g/t gold. So low-grade isn't a significant factor in Australia, to being the largest and most profitable gold mines in the world.
In terms of gold equivalence, Winu and Calibre/Magnum combined resources are @ around 10Moz gold equivalence. If RIO was successful in trying to underhandedly "snatch" AZY'S Minyari Dome live tenements off AZY 2-3 years ago, then they would of had 12.6 Moz gold eq today
So it's there in plain sight, RIO needs our ground to get their project off the ground, and Sandeep at Newcrest is eyeing out AZY and has approved the latest change in Newcrest's presentation that they have an equity investment in the AZY company
This is indeed geological heaven they're all chasing
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