RE:RE:Rio Tinto Becomes WRN's Strategic PartnerThis certainly is one piece of the puzzle. The remaining questions are whether or not the end game is a JV amongst majors or if it isn't how many besides NEM and RIO will take a seat at the table once any bidding for Casino begins.
If NEM isn't comfortable with a sizable copper project, we could be leaning towards a JV from their perspective. That being said, if the updated PEA is tantalizing enough, RIO may want to just go it alone. And there could always be (probably are) a few other potential suitors who may very well throw their hats into the ring sometime soon.
These are exciting times for WRN shareholders.