Ann: Bidder's Statement - Bastion Mining Pte Ltd, page-13

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    Zijin has demonstrated an ability to work with the Mongolian government effectively to advance major mining projects.

    *148m is a modest $ amount for Zinjin to throw 20-30% above to secure a sleeping giant.

    With the Mongolian government holding 34% equity in the project I doubt Zinjin will want another player in the room and Hillside agrees.

    legit.
 
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