It took around three months longer than an already-delayed timeline, but finally Rio2 Ltd (RIO.v) has delivered the goods to the market. The news today means Chile gets a new gold mine and the backers involved, Wheaton Stuff and Things (WPM) and BNP Paribas, are the world-standard level that make gold mines happen. It also makes Sandstorm Gold (SAND) look very stupid, their much-vaunted technical team missed a golden opportunity due to a basic lack of brainpower and understanding of how mining works. This deal is also an innovative and smart one for WPM, but I digress, all the gossip is for another day and tonight, it’s RIO.v’s moment in the spotlight.
Now get on and build it, Alex. We’ve been patient, it’s time to make your backers some decent money.