Buying the other half of Renison at 1x cash flow is also extremely accretive (plus it gives control over the Asset)... need cash in the bank for this optionality should Greentech engage... and as mentioned we are in blackout period. Can relistened to that interview with Brett around a month ago on Rentails details.. think the project scope has changed as such as constructing the tin fumer in Australia is no longer the best option... but you can't ship 0.5% Sn ore to China.. I think they are looking at a lower grade concentrate (30-50% vs usual 60% Sn) and shipping this to Yunnan tin to be further refined... so maybe lower capex as a result with higher opex/lower payability the trade off.
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