J RichardsonWhy you don't need a MOU with a China company (as...

J Richardson

Why you don't need a MOU with a China company (as opposed to a Chinese company) is because CSM really has that with Noble Group. I would call Noble Group a Chinese company. Of course they are based in Hong Kong, hence they are Chinese. Being culturally similar in their Chinese language and business dealings they are able to be very effective in the growth market of China.

FYI Noble is listed on both the Hong Kong and Singapore exchanges. It has been one of the best performers in both exchanges. In Singapore the SP has shown 83% growth in the last 12 months.

I think this Nickel deal with reliance will be a super deal. The way that CSM has gone about the entry into Nickel has been very smart. A number of handpicked projects like Mithril, Cazaly, Titan that have real potential but are probably a touch under funded have been harnessed. Now the expertise has been brought in, together with funding and instant production. To me that looks like a winning mixture.