After reading a bit more of the available data on RIO's find i can see why the share price of the juniors adjacent to RIO have not been firing up on a nearology basis. Sure RIO may have found a large tonnage deposit. But so far the overall grades are low. As one would expect. This will not be an issue to a giant player who can afford the 10's of $millions that will need to be spent on exploration. Or the 100's & 100's of $millions that would be needed for development.
Junior explorers however have no hope of being able to raise enough money to even undertake a decent drilling campaign. If Winu continues to unfold in RIO's favour then i expect RIO will probably pick the juniors off by entering into massively 1 sided JV arrangements. Throw them a few million for drilling & lock up their ground.
If Sipa, were to stumble across something similar on their Patterson tenements. After years of searching for an elephant sized deposit. In all likelihood their shareholders would make stuff all out of it. Due to the sheer scale of capital that would be required to firstly explore then secondly develop. How ironic that would be.
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