Agree. Market is very edgy.
Yes LKAB and permits will go hand in hand. The Swedes are not going to allow us to gouge super profits from their own resource. Whether its in the ownership structure mine to refinery or via a royalty or whatever I suspect we will be paying a decent price.
If I was Swedish and in charge, and knew TLG was desperate for permits, I'd turn everything on its head and give Talga exclusive access to the LKAB mine production for an escalating price per tonne over the life of the mine. That would be one mighty haircut for us.
Whoa.....................just woke up from a nightmare....LOL
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