Raider
Good article and could be highly relevant.
Les has always said that NFC could/would/may become a shareholder and copper is certainly a strategic resource that China wants long term access arrangements to.
This dovetails with the principles of the your article on financing strategic resources.NFC being the turnkey builders just sets up the long term relationship for future product offtake.IMHO.
A bit of background on our upcoming new major shareholder?
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NFC - Founded in 1983, China Nonferrous Metal Mining (Group) Co., Ltd. (CNMC) is a large-scale central enterprise under the management of the State-owned Assets Supervision and Administration Commission of the State Council. Its major businesses include the development of nonferrous metal mineral resources, construction engineering, and the relevant trade and technological services. By the end of 2010, CNMC has assets amounting to 50.67 billion RMB. It possesses two listed companies in China, namely NFC (000758) and OTIC (000962). In fact, CNMC has been a pioneer among Chinese enterprises to implement the “going abroad” strategy and to carry out international investment and cooperation in nonferrous metal mineral resources field.
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more at
http://www.cnmc.com.cn/outlineen.jsp?column_no=1202
RaiderGood article and could be highly relevant.Les has always...
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