The DYL-China story is a very interesting one, and one that will...

The DYL-China story is a very interesting one, and one that will to play out in the next year or two. In my view, John B would be loathe to hand over DYL to the Chinese....for any price. Also in my view, there are few things the Chinese don't get if they want it badly enough.

The PDN/CNNC relationship was toxic from day one and JB would have learnt a great deal from that unsavoury experience. It would be a pity to see DYL go east. I don't think the Chinese are that good at implementing commercially successful projects. My spies tell me Husab is really struggling. I'm of the view the Chinese don't really care, within reason, of capital and operating cost blow outs, provided the uranium gets produced. That's not happening too successfully at the moment.

I don't think PEN is even on the Chinese radar - under Trump's nose, technical failure, too small and too hard to bother.