APEC and all that, page-9

Ideally they sell Frieda (as they are trying) or extricate themselves by giving up ownership for a royalty on production if that ever happens down the track.

The article above states Chinese approval for a $1.5b expansion of Ramu which is going ahead. I assume this is very positive or will the cost burden hampers us again as it's a significant amount of capital required with our new upgraded ownership?

It looks like many of the nickel / cobalt players in Australia won't be going ahead due to high CAPEX / low IRR. Should support high prices going forward.