MOU yes, but this isn't some imaginary agreement to buy future...

MOU yes, but this isn't some imaginary agreement to buy future concentrate. It is to provide construction services for plant build.

Having the Chinese build this thing from start to finish will mean it can be done a hell of a lot cheaper and faster than usual. These guys are going to be doing their own capex/opex analysis themselves in collaboration/addition to DFS. You see some of the SS/PFS/DFS studies being pushed out from LI companies, the numbers they use are rubbish (look at actual costs from the AUs operators). Be interesting to see what these guys reckon they can do it for.