This is not a surprise as it was always going to be an issue on how the Chinese would fund their share post ODP and into development. Generally good announcements as removes/limits issues as we move into development and given the amount we have funded to date no real risk and post ODP we get a larger slice of the pie anyway for exploration cost recovery. What we need to see is some firm statement on extension given our support. One question be to be answered is post ODP which will be very soon how is the revenue released, eg, can CUCBM throw a tantrum every time it wants something.
SEH Price at posting:
17.0¢ Sentiment: None Disclosure: Held
