RE:RE:RE:RE:RE:RE:RE:Initial takes on updated PEAThe local car dealer doesn't depend on one sale or they go bankrupt....this is such a stupid comparison. WRN MUST sell Casino or they get nothing! Without a sale Casino is worth NOTHING. NADA, ZILCH...it is just acreage in the Yukon..it has no value whatsoever without a mill on it. How come you don't get this? WRN needs RIO, RIO doesn't need WRN. These aren't two buddies trying to come together on the price of a used car. RIO holds ALL the cards and you hold none. That is why the stock fell today....the market correctly sees who's in charge, that any deal price will be a fraction of your ridiculous number and that RIO might just walk away and then the stock is essentially worthless. IT ISN'T EVEN PERMITTED!! Which you continually ignore..that is a huge discount factor. The cap ex by the time it's built will be 6 billion or more.....this is not the golden child you make it out to be. If they were separate mines...one for gold and one for copper NEITHER would be worth anything to anyone.
AND...that is what the market said loud and clear. If it was worth your nonsense number it wouldn't be trading at 10% of that! Would it?