yes or no, page-16

Yowie,

You state that China might be worrying about having made this offer at the top of the iron ore price cycle and that they may want to renegotiate.
Assuming, for example, they were interested in renegotiating down to 45 cents, this just wouldnt be worth the trouble and the risk of losing the asset.
The renegotiation might save them 20%, or about 300 million off the purchase price. This is peanuts for China, and SDL will pay that 300 million in months, not years, when in production.
....and lets not forget that since their bid, our reserves have doubled.
HOLD.