Clearly imo its a pre emptive strike by the chinese to consolidate the BHill resources under one company. They come in with a big stick into PEM, and dont even think that they wont do a deal for CBH. They will tie up new supply contracts, rip the heart out of the place by taking high end ore and then they will be gone. I see the BHill region an entree for bigger games ahead as all base metal coys are in strife and in play.Cant blame the chinese for current prices and good on them for not having any egos like the current 2 mining parties here. These guys know how to do a deal with no sentiment involved.
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Shanthar Pathmanathan, MD
Shanthar Pathmanathan
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