Page 2 is interesting.
In 30 days after 14 May we will know if RIO will ELECT to go to 75% ownership.
Won't that be a huge up-tick.
Also AZY has the ability to keep RIO at 65% but I don't see why you'd choose that course.Its better to preserve our cash I'd think.
Maybe I'm a bit conservative but I've been in cash strapped companies that don't do well from being too greedy when dealing with a company like RIO.
These people blow things up if they present a problem.
Ann: Expanded $24.5M Citadel Project Exploration Programme, page-11
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