No doubt in mind that we (Stokes camp) will sell to RIO. Look at the frantic activity to prove up resource. I bet the deal will be for the whole kit & caboodle & if the resource is not fully determined, a clause will allow a double dip by saying that the price is x if y resource is exploited but the price will rise by z per tonne if they find more down the track. The ground work (pardon the pun) has been done with RIO, the relationship is there, they have the money so for me it's all but a done deal. The initial price will be $4 + and ultimately probably closer to $7 IMHO
IOH Price at posting:
$2.25 Sentiment: ST Buy Disclosure: Held
