The Chinese are doing bare minimum here, maybe due to lack of funds or China/Australian relations (Shandong IS the Chinese government remember and is not a solely for profit organisation it projects what the politburo wants it to).
That said, the assets are good (Especially Laverton) and they will be mined in the future.
If the assets were in a non Chinese controlled entity it would
1. be in production
2. have a market cap of $300-500m
They should sell Coolgardie (as they almost did previously) and focus (pardon the pun) on Laverton.
They need to be very careful about parking this asset up as they’ll have it stripped off them by Plainters and Government.
The Chinese are doing bare minimum here, maybe due to lack of...
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