Rio Tinto JV

Just some thoughts and adding some dots. Opinions appreciated.

As RIO is in a JV to the north and south of us.

And RIO connections put us onto this project

Wouldn't it mean that there's a good chance of us having a JV with RIO from development through to shipping? ie RIO informed Sofala that needed funding from us to take the project through to the development and production stage where RIO would then JV.

Savannah has a $100m valuation for 20% which puts the valuation of their projects at $500m.

Maybe this is why our management and Sofala feel confident on a roadmap of valuation targets?

I don't know but just was wondering why they're so confident on "Rapid value uplift"