Great post as usual SF. It will be interesting to see how this whole scenario plays out.
A very positive monkey wrench has been thrown into an already complex situation.
There is another smaller factor that is at play here; namely, face. Posco has already
publicly announced the joint venture.
As pointed out by SF@HC The positive aspects of adopting the Calix step are overwhelming
for both players, but the game is late and the recommendation is coming from outside the
Posco organization. Some senior managers have to be a little red faced at this point that the
recommendation came from some small piss ass Australian mining company. Face is at play here.
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