Interesting article.
It leads to the assumption that to receive govt funding and to have policy support it must have no foreign investment which would require a full takeover.
A group like China Rail or an SOE would have to fund it and have offtake.
A privately owned trader could not have offtake - it would need to be controlled by SOE.
From an economic point of view, does anyone have a view on operating and capital cost.
Building a railroad over 400 km to the port, especially in DRC will be challenging.
Whilst I do not believe that a cHinese takeover has merit, I do acknowledge lithium but $200M market cap is excessive.
However, remember China plays the long game, and just like iron ore they overpayed for assets.
If it is a huge resource they will pay for it, but it would need to be JORC before they paid-up.
Good luck holders.
DYOR
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