Ann: Peak and Shenghe Sign Offtake and Strategic Co-operation MOU, page-114

Please explain: What difference does it make to China to source its supply from a "Low Opex" mine; they will pay the price they set by SMM as they do for LYC and MP;

Perspective ! Tanzania wants several Billion Dollars, the few Million dollars that Peak will provide is Peanuts ~ China wants "Infrastructure" and will happily pay over the odds for Ports, Airports, Railways etc, anything that gives them a foothold on the African continent.

Then consider an Australian Company can no longer offer Brown paper bags as encouragement; while the Chinese still expect, and see nothing wrong with the "Fragrant grease" approach to achieve their Goals; . In a place like Tanzania the Chinese will win every time !