The smelter site is not going to change it has been planned down to a tee for many years. Location is convenient only 8km to the port. A possible railway road may also be on the cards to reduce costs with transportation and assist the employees and locals in Kupang "maybe-not substantiated" but would make sencs considering the amount of haulage that will be involved. bringing lumpy ore in and taking ferro-alloy out.
Pak is not backing out his 200K is non refundable. He is buying his portion of GMC at cost price of 66M not retail price 160M. Who in their right mind would back away from that opportunity?
Pak will also get the permit pushed faster than any foreign directors can. He would not be in unless he knew the project will get over the line, if there was doubt the 200K would of been a refundable deal.
all imo
The smelter site is not going to change it has been planned down...
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