Stargaze Entertainment Group Inc (STGZ)

[coffeepowered]

The financing ability of UMNG is light years away from that of Rio Tinto. Read the financial pages - credit has dried up and no self-respecting banker is going to lend billions of dollars to an credit risk like UMNG with no track record as opposed to investment-grade debt from blue chip companies like Rio. In fact, Rio and BHP generate enough cash to fund a multi-billion dollar development like this from their own balance sheets without recourse to external project financing, and self-funding is likely to be cheaper for them due to lower cost of capital and lower risk premiums / discount rates attached.