Ann: Initial Substantial Holder Notice from Good Importing, page-23

Another optimistic way to look at the Chinese investment is this:

- It could be argued, they don't care too much for insider trading on for foreign exchanges;
- They are aware of Mainland Chinese plans to diversify away from Aus Iron Ore;
- These plans could include acceleration of the Peru asset into production.

Perhaps they have an inside view on potential/upcoming China investment into Peru and are getting in early to make some 10 baggers?

Either way I don't see a downside in an iron ore importer vertically integrating into a supplier with 5% ownership.

It would certainty assist with marketing of iron ore which is no easy talk for new and small players into the market, particularly relevant as PE's grade and impurity levels are not super flash.