RE:RIORio needs to either a near term development, buy a producer with long life, or exit the diamond space as their mines all only have 6-8 years left. Rio will be trying to find a way to make Falc work asap, and if not, walk. They will be looking at a number of different options ranging from open pit to tightening up grade on speciifc horizons and looking into selective long wall retreat style underground mining. If Rio can make it work, I wonder if they will just dilute SGF if they can't come up with their share of development money? As it stands, using Rio's total earn in for 60%, and 40% of that divided by SGF's fully diluted share capital, I come up with a current fully priced in value of $.10/share for SGF.
sibertrader wrote: RIO is really excited about FalC. I'm guessing what is driving this is the sheer size of FalC, you can buy a house in PA really cheap and Saskatchewan is mining friendly.