STB with a market cap of $66m, a 1+ billion tonne JORC compliant resource, low capex $740m, Chinese-owned tenement to the north, it makes sense to just buy STB outright and develop the resource with the Chinese to the north.
A takeover for $120m would be chicken feed for RIO.
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- if i were the md of rio.
STB with a market cap of $66m, a 1+ billion tonne JORC compliant...
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