get ready for market shocker, page-3

Septa will take lock, stock and barrel as a matter of national strategic interest and supply security.

Biggest threat would appear from India.

Competition could get white hot if for instance Indian and Japanese interest are aligned (just as Japan and India are ganging up on China at a geopolitical level).

For get about the 45c deal. That was just a Chinese dummy spit when they knew competition would surface eventually regardless. This is why they relinquished the NO-TALK-NO-SHOP condition thinking the horse may have alrady bolted.

57c was the low-ball bid without the upgraded resources or really 86c (taken into account of the upgraded resource) in a ZERO competitive environment.

As I say (FACTS AND NUMBERS DON'T LIE). China just forked out $1Billion for a tiny slice (16.5%) for a magnetite mine where there is no evident compeition.

BTW, being advised by very competent IB (INVESTMENT BANKS)