RIO/TRQ: Just Can't Get EnoughJust Can't Get Enough: https://www.youtube.com/watch?v=_6FBfAQ-NDE&nohtml5=False https://www.youtube.com/watch?v=gsm_fOzvktQ&nohtml5=False https://www.turquoisehill.com/s/news_releases.asp?ReportID=742911 Turquoise Hill announces financial results and review of operations for 2015 (March 17, 2016) Page 9!! "Exploration during 2015 Oyu Tolgois exploration program focused on near surface targets using geochemical surveys and detailed ground magnetic surveys to identify porphyry style mineralisation. In December 2015, Turquoise Hill acquired a second exploration licence within 50 kilometers of Oyu Tolgoi." Let's be clear, RIO/TRQ: * has been managing OT I, open pit, for some years, * has just launched OT II, underground, last month, * has ~20% of Entree Gold ...which is doing NOTHING with!! BUT is acquiring more exploration licences in the vicinity...while the copper price is not exactly bullish (while low inventories are promising for LT). What is that? Are the strategies of RIO and TRQ as simple as: * TRQ to get from MRAM as many exploration licenses as possible within 50km of OT, * RIO to get from MRAM as many exploration licenses as possible 50km away from OT, so that they: * set HIGH ENTRE BARRIER preventing BHP and alike to come in their playground, * organize scarcity of copper supply nearby the Chinese border and control prices? Of course now MRAM is very interested in issuing massively licences to collect up front $, and "demonstrating" Mongolia is open for business, even if those licences do not trigger any real activity and ...royalties for the medium term. A newly elected government might not be following that path and would probably try to secure a diversity in the selling of the licences. If that is the objectives, then: * RIO'd better buy ASAP the rest of TRQ before that triggers a jump in share price that could really influence a takeover price, * TRQ'd better buy ASAP ETG for the same reasons, * Those privately holding (copper) licenses in the vicinity should merge with one of the other listed entity (XAM or KCC) that will have a vested interest to MINE, PRODUCE, GENERATE INCOME...instead of putting them on ice doing nothing for tens of years to organize scarcity!