RE:THE PRESSURE IS ON RIO NOW!The BRICS nations (ultimately the entire world) is moving towards commodity-backed currencies, in which gold/silver will take a primary position. Given the huge implications for the demand for gold, Newmont cannot allow Casino to slip through their fingers. The gold wealth at Casino will be in the 12 figures, this is no joke.
The question remains to be seen whether NEM and RIO will JV the project or if it will be a winner takes all game. Mitsubishi has been brought on board to take the copper byproduct, but the gold is the real prize up at Casino.
RIO is staying status quo at present whilst NEM has yet to tip their hand. Don't worry, WRN is on the radar of the big boys, Paul has already assured us of such.
The ideal end-game would be two copper majors and NEM in a three-way bidding war. Who knows what will happen? All I know is that Sooner will be happy to take well in excess of $6 per share! Hah!