For what it is worth and as much as the T/O speculation is there. I don't believe that we will have a T/O at all now. AAR will be so cashed up for Koongie Park that it will be done in their own right.
Not only are they under a very capable management led by John Jones but they have also engaged Kwan Wong, possibly (and arguably) the best metallurgist in Australia for the CPS process and definitive feasibility testwork.
My money is on the $US2b Koongie Park being developed by AAR.
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