Hi Duffe, I think we are in the same boat. I'm not...

Hi Duffe, I think we are in the same boat. I'm not technical either, but when I saw Shenghe's involvement and did my digging to see who they are I'm very convinced that ETm is the right company to bet on. Noting Shenghe's involvement, putting political agendas, aside has been very impressive for ETM, they helped ETm design the separation plan, which saved them 30-40% of the cost of initial investments needed. They have the tech know how to make it efficient and effective. Same time backed by Chinese capability in engineering, supply chain etc etc.

The advantage becomes confusing for people if you start seeing Chinese involvement as a threat, which is buffing because for ETM, any further Shenghe investment needs FIRB approval before it can go above 11-12%, and ETm's offtake EOI with Shenghe is non-binding. I think ETM have milked the advantage as much as they can, you are not going to get any better arrangements than what they have put in, considering how much money they saved by working with Shenghe.