That's why it hasn't gone completely bonkers. Aside from the general China-Australia issues at present, legally binding agreements with a Chinese trading house must be regarded with a degree of cynicism. Especially if the contract is "according to the laws of PRC". Since it's unstated in the announcement, think you can take that as fact. Bankers to the BFS post DFS will be extremely careful about this. If it all comes together, it very good, but it's not there yet.
Ann: Significant Binding Offtake Agreement Signed for Great White, page-132
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