RE:RE:RE:RE:Country Gent partial drill result announcement from 2022Nice thinking gentlemen.
And of course Rio is getting back 17% or so of whatever bump ETG gets - they are shareholders already of course. Another little swipe of value from TRQ that should leave those in the know with their blood boiling?
I have no idea how motivated Rio is to do the right thing and seize the day here. They have a long standing habit of dithering followed by panic, Alcan being one of the biggest eggs ever laid in the mining business.
We can wait and watch our time to value-defining cash flow elapse, our resources expand, Rio get more anxious about moving forward with JV capex and development, and my favourite, I'm convinced this whole post-Covid economic turbulence has fogged people's thinking about industrial metals prices which are late cycle catch-up performers, plus the special generational situation of metals for green energy transition is all in our favour.
Yes it's inconvenient to have an asset substantially undervalued and thus illiquid - but easy hold, the sky is bright blue.
cg