So you realise Jinchuan offtake is NOT smelted or refined in Australia right?
They ship the concentrate to China for refining.
you know that right?
Yes Virginia BHP has the tolling monopoly in Australia.
You are confusing Jinchuan as a smelter refiner operator in Australia which they ARE NOT.
They have no mill or refinery in Australia at all.
Yes WSA has 50% of the offtake contract with Jinchuan but not any refining here, its shipped offshore.
Once agian poor research and insults to avoid seeing the reality.
Jinchuan is targetted for being cut out soon, you will see.
BHP has dibs on WSA ore, the china trade war coming here too.
And looking at the share action, looks like IGO cash offer is a done deal.
SP in flatline since the bid way lower than even I called before. Cash is King i guess.
WSA Price at posting:
$3.41 Sentiment: Buy Disclosure: Not Held