RE:Bidding War or Multiple Party JVEven - i'm going with multiple party JV.
Just looking at Rio's portfolio....they have very little Gold production. Even the copper production not nearly as high as other metals so it's kind of surprising to me. Perhaps though Rio has decided they want to get more balanced portfolio and they want the entire Casino deposit and it won't be JV.
The best way for this to play out in my opinion is for the next 6-12 months for Rio to continue accumulating up to 25% or so and then 12-18 months an outright acquisition of all remaining shares!
Now that we have Rio on board, i would think that should provide a nice floor to the share price in my opinion,