RMC IS Positioned PerfectlyFreeport has no choice but to sell its interest in the Cukaru Peki joint venture with RMC this quarter, Q1-2016. Icahn and the creditors are now in charge with Jim Bob gone. RMC holds the Right of First Refusal. Either RMC is going to get most if not all of the project at a very good price, or a third party is going to buy RMC at a hefty premium in order to acquire the entire project at a good price.