RE: RE: RIORF jumped when RIO publicly claimed they were not interested in a mine development scheme that included the bulk of the gold discovered to date.
RIO claimed to be content to build an open pit copper mine in the middle of the Gobi, with little gold production to offset the copper costs knowing that such a scenario would choke Ivanhoe(and Entree).
Re-read the mine development plan. Some 80% of the gold identified to date is on the IVN-ETG joint venture properties, Hugo North and Heruga.
Doubt that RF is being an intentional White Knight for Entree, but he is definitely helping both IVN and ETG realize some value for this monster.
By claiming to wait a decade before developing the gold bearing properties, RIO planned to mop up all the assets for a song, then develop it in the way it should be developed.