A good point,
but you have overlooked the fact how many times PLS have divided their company/project to Ganfeng, Great Wall and POSCO, ultimately leading to dilution of shareholder returns.
At the moment all GXY assets are 100% owned.
Someone wold have to do the calculations to see how much money is lost by giving other companies position in a project or the company itself.
Banter and General Comments, page-2558
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