Banter and General Comments, page-2558

A good point,

but you have overlooked the fact how many times PLS have divided their company/project to Ganfeng, Great Wall and POSCO, ultimately leading to dilution of shareholder returns. 

At the moment all GXY assets are 100% owned. 

Someone wold have to do the calculations to see how much money is lost by giving other companies position in a project or the company itself.