Its a business and strategic decision, not charity. Marengo has...

Its a business and strategic decision, not charity. Marengo has an MOU not a contract and the Chinese are under no obligation to proceed.

Chinese companies are no different than those from other countries; they will exercise whatever leverage they can to obtan the best deal they can. Thats why its important that a junior such as Marengo has a strong institutional investor base and cash in the bank. There have been a lot of companies saved over the last few years due to Chinese investment. Sometimes the glass is half full.

I think that much of the engineering work being done in China isnt being charged to Marengo. The Chinese need not only copper but work for their engineering firms.

In Australia you would note similar funding deals from both the US and Chinese Governments/ banking arms for LNG plant construction.

I think that if the feasibility study is positive and a fixed price contract materialises that funding will follow.