There are a few scenarios offered as an alternative to the obvious. Its been discussed in much greater details in the other chat site. Simply put, Rio is a miner not an engineering/mining operator so they are more than likely to retain a substantial holdings. CGNPC/Itochu are consumers with no U mining expertise so wants a guaranteed security of supply. A probable scenario in a win-win status quo for a 3 way ownership IMO. The question is will the remaining unencumbered 32% of holders remain a stakeholders?
ext looming t/o - nearest to the pin, page-34
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