I thought it was 8.4% originally for Rio, then it became 8% as more shares having been issued. By Dec 24 Rio would be slighty less than 6% and Teck will have 3%.
As for the 70% interest for Teck, wouldn't that come after meeting their 51% interest obligations by which time significant increase in JORC compliant mineral resource before they take on the extra 19%?
Also, if recent opinions regarding incompetence of Rox directors were to be true, then wouldn't ROX be much better of having Teck do the job?
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- time for reflection i think
time for reflection i think, page-45
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