@drs not imo the best part is that it positions Mr T and in a...

@drs
not imo

the best part is that it positions Mr T and in a way Mongolia as prime mover with serious incentive to help push the project along.

that's cant be done without financial and social backing. esp in a foreign country

Its now going to be 32% Mongolian held - so its not just Mr T. the dilution is the price paid not just for the necessary finance - but for how that de-risks the company in non financial ways.

should be far less risk its seen as some foreign interloper coming in to make off with the goodies - so govt approvals, land use agreements etc much more likely to occur and timely

remember what our papers were all like when Chinese were coming in looking to buy 100% of our projects. Adani same. every culture's racist/nationalistic colours tend to come out when foreigners come in buy 'the farm'

thats an unquantifiable advantage. doesnt make it bullet proof - but i reckon a big step forward on balance - beyond the immediate benefit of being able to finance the FS that has to be done - and a shorter timeframe to selling coal.

now just have to look for a positive FS. and hopefully some rail news.