Interesting article. It leads to the assumption that to receive...

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