there are actually 5 reasons why I like SIPA, the RIO - JV is...

there are actually 5 reasons why I like SIPA, the RIO - JV is but one of them but a massively important project for RIO.
This was the last piece of the WINU puzzle they needed to acquire, they HAD to acquire, as they step out mineralisation.
I expect them to pay a lot more than the $12m they will spend on Exploration to get to 75% in order to get the rest of it, and by that time the value of SRi's 25% could be many multiples of the current mk cap.

Then we have the new projects - Warralong which is why I started accumulating here - this might be one of the most astute bits pegging I've seen in quite a while.
For reasons i'll go into sometime a bit further.

Skeleton Rocks and the soon to be drilled Wolfe Basin are tantalising projects with numerous company making prospects inside them.