would firb approve a japanese takeover?, page-6

From my recollections FIRB knocked it back because China already dominate the market and it would have increased their monopoly. I think if it went to them for a Japanese company it would be more likely to get over the line and they would have to find different grounds to reject it on.

If the Japanese are going to be getting a big chunk of our end product anyway then would it really matter to China who owns it? I guess being owners gives you more say in who your customers are, so it could block them from getting their hands on it in future.

Either way this debate certainly highlights how strategic a resource we have. Two years from now when we have an established revenue stream from stages 1 and 2 running at full capacity, maybe then the market will cotton on to this fact and the SP will finally be sitting at true value.