RE:News We all know the RIO buyout will occur at some point within the next 18 months. The environment now is ok, however, inflation is not transitory and prices for commodities will only continue to go up year by year.
I don't think that WRN is under any pressure to sell the project right now. The price tag only increases for Casino year by year. That being said, if the PEA's NPV and RIO's due diligence gives confidence in the numbers and if RIO has no problem biting at what I expect should be the $20+ buyout price per share, then by all means let's sign on the dotted line. We'll all be RIO shareholders at the end of the day, the only question is where within the .2 to .3 shares of RIO fore each share of WRN will the final exchange figure fall at and what will be the exact timeline.
Here is my (way too early??) prediction: February of 2022 the buyout is 0.25 shares of RIO for each share of WRN. If that is true, expect a serious run up in the price round abouts January of next year.