RE:RE:RE:USDrough calc - current 20% IRR if they were to increase "cost" to include $1B WRN equity purchase, i believe that would take IRR down to 16% or so. Include $2B WRN equity purchase i believe would take it down to around 12%. If i'm in Rio's shoes....I show that simple math and say, "hey, we are not willing to comprise going below 15% (or whatever their threshold is)).
So I just believe these key financial metrics that Rio has are unlikely to be comprised. Then again...$1B is round off error to them ....haha.... so if you have an Executive staff that is wanting to place some bets....then this is meaningless.