Bones I am just as perplexed. In many ways BRM is the perfect vehicle for the Chinese to enter the market.
The beneficiation process adds a layer of obfuscation that will facilitate more creative accounting on costs and profit margins. It also ensures that the Chinese are highly unlikely to pay any MRRT and will pay minimal State Gov royalties.
25MTPA + an additional 39 tenements is apparently not considered a threat to them.