Rumour has it that Rio is looking at increasing it production at Rossing in Nambibia. down to about 45% production from peak capacity!~
Only way it can do this is by taking over one of the other 3 or 4 uranium companies in Nambibia.
Paladin now too big and expensive.
Bannerman getting dearer all the time but still a reasonable buy for RIO.
But Extract is very cheap by the standards of all the other players.
wonder who is watching their drill and sample results very very carefully.
stefano
rio tinto thinking of making a play
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