re: 48 Cents for OXR Just to put the current agreement with RIO...

re: 48 Cents for OXR Just to put the current agreement with RIO into perspective, here is an excerpt from an email that was sent to someone on OzeStock a little while ago from David Waterhouse:

One.

Rio Tinto does not have an option over Oxiana's operations. The resources identified at the time of the acquisition of Oxiana's interest in the Lao projects (that is, Sepon- Gold, Khanong and Thengkham) are not subject to any buy-back or other rights by Rio Tinto, except if Oxiana defaults on its purchase payment obligations to Rio Tinto.

Two.

Under the purchase agreement with Rio Tinto, Rio has rights relating to major deposits outside the area containing the existing resources referred to above. Rio has the right to purchase an additional share to achieve up to an additional 50% of any major deposit (outside the Sepon - Gold, Khanong and Thengkham area) with contained metal value of US$5 billion or more. The purchase price for such an acquisition would be based on commercial terms agreed at that time, with provision for independent arbitration over the price if required. The agreement is between Rio Tinto and Oxiana Resources NL, so that the consideration for any such purchase would be paid to OXR.

Cheers