Ann: Peak and Shenghe Sign Offtake and Strategic Co-operation MOU, page-116

Very simple Simon; China already has FEED for its refineries, existing contracts with LYC and MP, they are also currently sourcing a lot of material out of Myanmar and in the not too distant future Laos; both with road networks right to their front door. They have already 'Land Banked" Greenland Minerals and have a big slice of Nolans.

So you tell me why would Shenghe be in any hurry to develop Tanzania until LYC and MP are in a position to walk away ?

China will now call the shots on this one, they already have the Tanzanians under their thumb, and what makes you think they give two hoots about Australian Shareholders who appear to be quite willing to wait and see rather than protect their own interests !