What happens if "we" do say "NO!", page-36

The Chinese always try a lowball on first approach.
Shenghe know rare earth prices have bottomed and all analysts are predicting continual upside through to 2035 .
Analysts see current value at 65 cents a share and a $1.58-$2 operational prediction
China is desperate for the wests largest and lowest cost mine for strategic significance
Reducing wests ree affordability further versus Chinas lower production cost monopoly is a primary goal making this resource a jewel in the crown
CCP are salivating in anticipation to secure this
Shenghe desperately need new feedstock with US supply uncertainly
They also seek to establish a full supply chain outside China and have for 10 years
They have been desperate to secure more feedstocks awaiting Greenland minerals to come into fruition for 10 years. The worlds other largest low cost option in which they hold a stake
They are ready to offer more if the lowball doesnt work and with a $22 billion market cap and half a billion in cash reserves They are both eager and well placed to pay more than a low ball for what they need
$0.50 is not unreasonable at all.
14 cents more is not a lot for Shenghe to come up with to secure this deal but it represents a 40% increase for shareholders returns