in the home straight

There is so much clue on page 14 "Mlabam-Nabeba - A Strategic Fit".

I am surprised the tailored made NDRC mini-whitepaper that came out 2 weeks ago didn't mention Nlabam-Nabeba as the strategic fit (simply because it is the only game in town meeting all those criteria).

Hmmmm, if Hanlong could front up with 57c for a pre-massive-DSO-upgrade resource that was fully risked without either the mining permist and conventions AND in the absence of any competition, what would China now come up with that there is intense competition (so much so Cameroon and Congo had to embarassingly tell China to rejoin the queue - after the gleeful boasts of having in the bag the asset giving China s SAY and making her the 4th force in IO), key de-risking achieved and with 50% more high-grade DSO at loweest globally $21/T ?

But that's NOT all. Now the Chinese government has pledged full financial support to help the steel mills and to set up a fighting fund to acquire IO assets.

Now, how much would China pay for the assets (as offtake and equity sale discussions ahd already advanced about a month ago) ?

$20B capex Simandou all-dressed-up-with-nowhere-to-go $7.2B !

Mlbam-Nabeba all ready-to-go ??