bobsa, what rio is doing is to throw $2mil to look at the deposit claimed to be 40% at the best grade, if its true, then cheque will be on its way.
the way I look is if without the JV, AZS would have to do a much larger cr and spent the same money anyway, and still scratching head to find the CAPEX. so if sp rise 23%, that's about $5mil worth, they otherwise need to dilute anyway. and now it has very clear way, if the grade is good, the project will be on its way.
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