Re: Creeping Takeover
Just my take,
I do not expect any direct action of RIO towards investing in ETG properties.
Rio already has established developemt area to last 100 years. Not much immediate need for additional money eating exploration ground.
IMO, RIO will spend only to increase production for the next 5 years, at least in Mongolia. They may choose to join IVN in additional Australia interests. Copper production is down in AUS as it is elsewhere. Iron ore also a concern, if they can find some for sale in Mongolia, then????
IMO, ETG PPS will languish until such time as they begin production on either JV land or one of their owhn properties, both are pretty far off.
I ask for your opinions on IVN,,,,,,what will happen when IVN does begin production later in the summer at OT?