RE:RE:There is a time limit for the formal valuationTRQ has got to be work at least 55 to 60 us and ETG 2.50 to 3 us (just my estimate and I am not a mining evaluator expert). This mine will operate for the next 30 to 40 years and a lot of money will be made here.
Should RIO purchase TRQ, there is no way ETG will be left to languish as RIO's partner.
It suprises me that with TRQ trading near their 52 week high that ETG is trading as though it is a penny stock. This will change and change fast if TRQ is swallowed up.
The 120 days spedified by the securities regulator is the the maximum.
These characters are dragging the job out becasue they probably get paid by the day so they are in no hurry. But htey now have 57 days maximum left.
The alternative for RIO is to have both of these Canadian companies as partners and thats not going to happen. RIO is not into sharing.