Further, I've been giving the AGO'ers the odd prod, so they might cotton to more than just iron ore, and port access being of primary importance to Forrest and Rinehart.
So, this, in response to one of the AGO'ers still stuck on iron ore, and FMG and Rinehart being 'too big' for Ellison and MIN to resist;
"It's got a lot more to do Lithium, and building a Lithium "industry", than it does with iron ore juniors.
Johnston, the Minister, has been very plain about that.
That whole AFR article builds to the last 2 lines;
"Mr Johnston said support for lithium projects was a high priority.
"One of the important opportunities for Utah Point is lithium in the Pilbara," he said."
To boot, I reckon Ellison's told Johnston he'll do both the Lithium & the lower grade smaller iron ore deposits, to keep Johnston on track.
When Ellison pitched the AGO bid, he said he wanted the port, AND the 'people', for the Wodgina developments.
Johnston justifies the support for the juniors, in large part, by continually mentioning 'jobs', and working 'stranded assets'.
Yesdee, Ellison announces the Cliffs deal - 'stranded asset'!
Ellison isn't pitching this on just 1 angle. He's pitching a package, from keeping people employed, to leading the development of a new 'value adding industry'.
Twiggy & Gina?
Although, I still think there's a possibility Twiggy took his AGO stake to give him a way to get into Lithium.
As this seems to have unfolded, he'll probably have to deal with Ellison. He could try PLS, but their Korean stake, and the locating of the Li Hydroxide plant in Korea, limits the upside of any PLS deal.
As soon as Twiggy entered, I wondered if the AGO Lithium deposits (unquantified as they are) might be the reason why, as a way of dealing in with Ellison.
Interesting times ahead."
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