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Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-172

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    lightbulb Created with Sketch. 514
    Yep. No complex discussion really needed to be honest, because the opinion of the Japanese trumps all of our opinions. Prior to them signing on the dotted line, this was speculation. Market believed they would walk, we believed they would stay (for the reasons mentioned earlier) and now we know they stayed but also are stumping up for a monumental DFS. Almost 100m worth of capital they are injecting.

    I don't think anyone could sit here as a bear and argue in good faith they are stupid, don't know what they're doing and would just waste cash.
 
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