jabiluka realities - undergound?, page-2

Not sure why RIO would need to "take from LH", if it needs volume given where prices are doesn;t it work best to just buy in spot market from whomever is selling cheap ?

If you mean RIO buying 25% of LH given the problems PDN are encountering, wouldn't they do as little as possible to help PDN, and just see how weak they get, before they cut any deal ? Also not sure how appetising a minority stake in LH would be for RIO, particulalry if John B is still running the show and calling the shots.

In terms of Jabiluka, I agree it remains a fascinatingly huge long term option on the U price. Presumably the path to any possible consideration on Jabiluka is both a big increase in the U price and a method of mining that is least offensive to the Mirrar - which I presume would be underground.

I also presume that anything on Jabiluka is years and years away (5-10year minimum ??) so Deeps is a bit of a proving ground along the way as its timed to come online (assuming grades are proved and mining approval achieved) in aboput 2years - when U prices should have staged some sort of serious recovery.