RE:Nice share price
I'd say it's pretty clear Rio has a deal in hand with the Mongolians to finalize stability, power supply, financing, and commence undercutting at Hugo North. Needs ratification in Mongolia though, which will not be a problem.
As for ETG, the net give-away of 34% of TRQ's OT assets at a zero price may not be translatable to ETG because of the wording of the Earn-in on the JV ... Mongolia shares that 80% of the JV rateably already - About 27% of the JV flows their way already, which is more than ETG retained.
cg