The FIRB is a fair d'accomplis.
Q-When was the last time the Treasurer knocked back a foreign investment like this?
A-OZ Minerals, and that was only the Prominent Hill piece, because of its location within Defence land... They were quite happy for Century, one of the world's biggest Zn/Pb mines, to fall into Chinese hands...
And recently the government has further streamlined rules relating to smaller size investments so that they do not even get escalated to a higher level.
This is a (relatively) small investment in an iron ore junior, which will help unlock a whole region, and will in the process will assist numerous other juniors to get their products to market.
Any day now. And the $186m deal will be done. And the massive new drilling program will begin.
Y
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