RE:RE:Rio Share PurchaseAgree for the most part Clarke. $2m to maintain their existing shareholding is literally back of the sofa stuff for Rio, it's neither here nor there in terms of the bigger picture but even digging that out to maintain would add some certainty as to Rio's intentions.
The 2 X CAs in the top 10 copper miners - is the real indicator for me. If Freeport-McMoRan is in those CAs we may have a winner - just look at their Grasberg mine it produces Copper and Gold plus they have a market cap of 56bn so they have the clout and the experience to deliver Casino. Plus Grasbergs mine life is until 2041...