Winu and Haverion do not belong to AZY.
They might make such a discovery but really that is living in the land of Hope-blind faith I leave to the religious. They haven't found this el dorado as yet and who knows how long it will take.Sure it might be there BUT when will it reveal itself.
In the meantime many opportunities elsewhere exist.
Citadel is a stranded asset while it is jointly owned. Rio can sit on this forever and a day-they do not need it. They will be to leave it until they are totally in control of it.
Can someone clarify this -is it really the case that AZY had the Winu lease and sold it to Rio or let it lapse?
As for a standalone that is beyond delusional.How will they ever raise $300M to build the plant.The ability to borrow has dissolved for better companies than this.How would they fund the interest????
Get a deal done with NCM and get production moving.Otherwise this will be diluted away.
Telfer the Elephant in the Room, page-74
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