aqc/rio tinto j/v

It would be great to know a bit more about the RIO Tinto J/V as this could also be a game changer for AQC. Unfortunately we can only guess what the terms and conditions were but if you consider that the RIO Hail Creek mine produces 8mtpa of coking coal next door and has marketable reserves of 126mt you would not think they would bother with a j/v with such a small company unless they had high hopes for the Mt Hillalong EPC's. i would guess they would be looking for at least 100mt otherwise why bother.This leads to my next question which is should the RIO drilling program prove up a resource of this tonnage or more, how much will they have to pay AQC for exercising the right to buy 75%?? This could be huge although no doubt AQC would have been screwed down on this given the David and Goliath situation. never the less if they prove up a much larger 200-300mt then AQC would still be left with 25% at which point they can exercise their put option and sell it to RIO but at what price?? If they find 200mt then that leaves 50mt of potential coking coal to AQC and we are off to the races!Admittedly this is all wild speculation at this point as to what they will find but it goes back to the point that companies the size of RIO don't waste their time looking for satellite deposits and given the vast amount of seismic they no doubt already hold over most of this area surrounding the mine i would think this is a highly derisked play for them and us.Lets hope they get on the ground soon.