Strong Buy
Re: 40 days since last update.
DrU
Difference here is Rio got this project for FREE. They got 60% for spending $72 million whopping dollars. They got access to 60% of $14 Billion worth of diamonds and they got 60% of a NPV of $4.4 billion for $72 million dollars.
This is a joke but Rio will not walk away from the largest diamond find in the last 20 years ever. They got 60% for essentially free and not sure when we are going to see some appreciation in share price but it better be soon and if not after 3 years then what do we do?
Shareholders need to wake up and ask yourself how much longer can this go on without repercussions.