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Remaining Drill Holes for Christmas, page-6

  1. 1,941 Posts.
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    Thanks again for your super research and time spent . How do people feel about Rio having spent 12.6 mill this year and now being
    $ 1.4 mill away from having 65% ownership of the JV Calibre ground . The next step in the JV is RIO committing $35 Mill $ to take themselves to 75 % ownership .. it may or may not happen . I can't help but think why would RIO want us as a partner and why wouldn't they just buy us out . What would be a fair price ? The Directors(some ex Lionore ) have experience with Lionore being taken over for $5 bill might come in handy if negotiations went that way . So a big spend coming up for Rio if it wants to own a further 10 % would we sell for $150 mill .
    Cheers
 
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