News: AEV Avenira Receives Mining Authorisation For Direct Shipping Ore Operations, page-421

your correct that hebang wants supply certainty which they won’t be able to get from existing supply in China.

in order to secure that supply certainty they will need an economic operation at wonarah and will need to pay a commercial price.

i doubt it would be good business sense to provide Avenira with $100’s m in loans if the project just sinks the next day.

IMO hebang wouldnt have spent circa $10m on wonarah already if they didn’t think it was economically viable.

the other thing is that similar to phosphate hill Avenira will be value adding so the historical transport cost issue will be mitigated.

let’s see….