RE: RRR : Mt Ida Royalty & Juno, ASX [Mt Ida], 2 June 20262 Jun 2026 17:08
Blueboy1975
Read carefully, it is NOT a book. Oh, wouldnt you like to know who I copied it to ie the principal.
So, with RHODES RIDGE, sold to Mitsui for A$8bn for just a 40% stake in this UNDEVELOPED iron ore deposit in Western Australia [highest price paid by Mitsui in its 350 year history] , it has SET M & A alight for iron ore undeveloped deposits at around $1.5 per tonne. Other slightly smaller iron ore projects are also being sold for around $1 per tonne. As I posted, IRON ORE is "rapidly depleting" [from Stockhead.com.au and S & P GLOBAL on this forum so wont repeat the links] . Rhodes Ridge - the sellers are the LEGENDARY WRIGHT FAMILY [partners of Lang Hanc<ock] and they just won A$900m [before interest] and it is said in some publications it will come to potentially A$1.5 BILLION and yes, this is about IRON ORE ROYALTY.
RRR IPO'ed in 2005 with the FLAG SHIP asset of MT IDA [100% ownership] and in 2006, they made a discovery and thereafter signed off this asset to Jupiter Mines [3 digit million mkt cap co] in 2006 & 2009 in exchange for shares etc BUT KEPT THE 1.5% MT IDA ROYALTY.
So, yes, it will be interesting to read Mr Bell's memoir and what I would like to know is how he came to acquiring Mt Ida's licence etc. Yes, Australia would love to hear that as Mt Ida and Mt Bevan will be a PILBARA saver so that Aussie will have jobs etc and this mine when built will contribute to the Australian economy and no doubt contribute taxes ie corporate and personal taxes. Again, a legendary household name at Mt Bevan ie Gina Rinehart so isnt that interesting that little ole RRR plc is a piece of such a history, not forgeting KILMORE & KILMORE WEST said in the Victorian newspaper and in Oz archives: "KILMORE GOLDMINE-1 of the richest in the Colony."
I dont know about you Blueboy1975 but to be a shareholder of the UK legendary GGP of Havieron discovery, Solgold of Cascabel now sold to Jiangxi for $1.2bn and the former now a £4-5bn mkt cap from just £20m shell before the 1st drill at Havieron, now in the same legendary Aussie status as Bellevue, Havieron, Hemi & Sunday Creek [SX2 mkt cap $2.6bn+ and next door to RRR's Kilmore-Kilmore West and the SX2 ANN/RNS said the high grade gold is moving WEST which is to the BOUNDARY OF RRR's Kilmore].
I dont know about you, but for me, that is the grail of investing. DYOR. News, 2 June 2026 Oh, in today's Stockbox interview with Chairman A.Bell, the market cap of RRR was shown and very modest so that will be for history.