era whats it worth, page-7

Well Warnie - I am scratching my head as to why this isn't trading at option value, so maybe I have got something wrong.
But did you read the RIO statement: "Rio Tinto is engaged with ERA on a conditional credit facility to assist ERA to fund its rehabilitation program, should additional funding be required beyond ERA’s existing cash reserves and the future earnings from processing ore stockpiles."

So sounds to me like RIO suspect they will run out of funds - media has interpreted this as RIO wanting to limit the possible damage beyond ERA's future balance sheet capability as much as possible.