further credence to the reuters report, page-4

Even at 45c a share (for the shares the PRC does not already own) is only a relatively small cost compared to the overall project cost and a drop in the bucket in relation to the return on investment.

Sundance is so compelling commercially that if someone (or multiple interests) want it strategically for the long term either commercially (the likes of Glenstrata, Posco or Teck, Vale) or Indian intertest (for their own long term strategic supply) then the takeover price for SDL is small fries even beyond the original 57c Hanlong offer.

China (through the NDRC) already okay the "daylight robbery 45c resonable price" concession by SDL and already moved on to the next condition (i.e. state owned enterprsies assuming control) would not only lose any credibility, decency and commerical ethics, it also risks underpricing the new offer that would allow a determined India or an international consortium to TRUMP it by a large margin (then losing more face).