Another question will be, what if robe mesa fails the transaction coz majority voted no? What will be next for them? Will mining it be the last option for it? Yeah, there’s a point that RIO may not bid at all due to high price of IO and could wait till it lowers down but the question atm is the supply and demand of IO from RIO and others. Sure, tier 1 asset for IO but 8 years mining life, it has value, but the demand though atm? How is it looking when this Chinese companies are buying it like chips. Does that include the one they got from FMG? Or not yet right? People are focus at bidding war and not the opposite of it.
CZR Price at posting:
33.5¢ Sentiment: Sell Disclosure: Held
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