The resources China has paid a premium for are appear to be resources they want commodities they have a shortage of or want badly. Whether the Chinese would pay a similar premium for a MAK placement would depend on how badly they want our phosphate. Don't they already have fairly sizeable reserves of their own? Bear in mind it seems to be India that is more interested in our fertilizer resources (look at Burrup, POZ, Legend) to date, rather than China.
Don't know anything about GBG but the reason the Chinese have paid a premium for LYC is because they have a monopoly on rare earths and LYC is a potential threat to that monopoly, BAU is because China apparently doesn't have much Bauxite and BAU have a fairly large potential resource and by getting in with a holding of greater than 10% now gives them a seat at the table (and a blocking stake to prevent a takeover by a major) if BAU's resource is as good as we think it is.
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