Thanks for your inputs and a view that is very different.
I am still trying to understand how does Regal Investment make money when they have invested $20M @$1.22.
They would have wanted to recover and most likely double that in 6-12 months but currently they are in RED and by quite a way down in RED.
Any thoughts on this will be greatly appreciated.
Ann: Rio Tinto Devoncourt Project Farm-in Agreement, page-73
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