RE:Rio TintoYes indeed Firebag. We still have to vote the Investco deal, so if you are on the outside looking in, and would rather be on the inside, it’s time to put up or shut up. That is to say, bring your best offer.
Here comes a naturally forming auction of sorts that our friend liveit would like to see orchestrated. And who wouldn’t. It takes next to nothing to beat $5M USD, Management can cheerlead a certain way, but money talks, and shareholders decide. So why wouldn’t Rio throw some money at Erin. I’m sure it’s been at the back of their corporate mind for years. That goes for ETI as well. You’d be crazy not to buy this thing out while it’s cheap.
Of course a big part of what Investco brings is market knowledge and the ability to sell the finished product, but who is going to do it better than the big boys. Hmm, $75M for 60% of Erin and the assurance that we get a working mine up and running inside of 5 years with Mining Ministry’s assistance. If for no other reason, to keep the Boron market purring along as usual. Of course who’s to say, Investco2 isn’t Rio or ETI?? Hmm?? This is the kind of thing Sprotts would have bought up years ago and just squeezed money out of it.
But I digress. Hopefully things will get interesting very soon.