Nice speculation but counter argument is this:RIO own approx 58%...

Nice speculation but counter argument is this:

RIO own approx 58% of IOC which includes all the IO infrastructure in Sept Iles port and the QNS&L railway which CIA pays them to use.

RIO tried for a second time to offload their IOC asset in 2018 for circa $6 Billion but failed.

Also considering they now focussed on Copper in Mongolia and Simandou IO finally gaining traction in Africa, then not so sure they would want to expand IO operations in Canada.

FMG now have their high grade magnetite come online in Pilbara and are at early stage development of high grade ore at Belinga in **on.

I prefer MOK and David Cataford to continue their expansion and DR pellet feed plans coming to fruition in coming years.

Then when CIA becomes a $5 Billion company and in the ASX 100, perhaps a major might find its super high grade, low carbon EAF production could be a nice addition to their ESG credentials!