I think they is a way to structure the Thai JV that would compelling be for KCN to settle.
Scenario 1: Arbitration ruling US$750m (Stupid Fee, as described in the interview)
Scenario 2: Thai JV (KCN -49%) Thai government guarantees production licence for 20 years, grants surrounding Exploration licenses around Chatree to mining licences - Stage 2 Chatree with 20 year life US$5bn + NPV (Free carry on mine refurb and working capital ~ US$70m + US$55m to pay back Zurich) - values $2.5bn NPV for KCN.
A Stage 2 Chatree at the current POG with the right royalty regime I estimate would be at least in the multi-billion NPV mark. Thai government would benefit as they don't have to pay the compensation and save face.
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