Ann: Cascada Drilling Update, page-60

Stage 3 : "... Azure does not contribute until Rio has spent US$245m"

Didnt see that figure before...
Seems to be an additional amount of expenditure on Rios behalf... What would this be set aside for apart from the $45 m exploration expenditure..
My feel is that they already know what the plan is if they are bouncing figures like this around and putting pen to paper on it..
Whats 20 % worth to a major looking at acquiring a good asset../ ~800m shares..
I wonder where this stock is poised to go from here?