Grid connectionMetalMinded, you write:
"This is big but connecting the power grid is even bigger because it lowers production cost AND capital costs."
Indeed, according to this fund manager, because clarity on the grid situation is essential for Rio to make an offer. Start at 42:00:
https://twitter.com/ceotechnician/status/1633511027890429953?s=46&t=FHrNv2XShCP758Yxb2ICAA
For those remembering, this is the same guy who had Tara on in the fall and wondered Gosh, who'll actually build these massive projects in the middle of nowhere?? And just lets this guy shade the Yukon up & down.
FWIW, I don't think Rio needs Canada to pick up the grid connection, just it'll factor what price they're willing to offer.