IMO I am surprised people are saying FIRB is not going to approve it. I don't see why they won't.
Basically, the same taxes, royalties, etc will be paid to the government regardless if a Chinese, Russian or Australian company takes over FMS.
There are billions of tonnes of IO in Aus currently and yet to be discovered, so national interest? IMO NO. Are we back to KGB days?
The Russians might decide to build there own infrastructure to get the IO out. WIN for Aus and other companies that might use it.
The list goes on.
I'd be very surprised if FIRB say no and would love to hear there reasoning for doing so.
We are coming up to crunch time for FMS, so let's see how this plays out.
40c+ is only another odd $200 million on top. $200 million odd for a major resource.
GL to all
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