Ann: Winmar to seek Dual Listing on London Stock Exchange, page-300

Why not take out NZC the whole Co. for yourself when you knew NZC doesn't have $80 million dollars for CAPEX they need to build their own DMS plant? Last I saw NZC only had 2 million left in the bank. Going into debt for another $5 million of Debt funding. Offering NZC 37c per share is a steal for the chinese!

Not to mention further costs for the SX-EW cathode plant?

The answer is Synergy. Vertical Integration. Especially since Chengtun already has both plants.

WFE will be able to buy out mines too, once they have the early cash flow. As opposed to NZC who doesn't have any cash flow at all, and will need to go into DEBT or some sort of mezzanine offtake funding to even get across the line. Equity funding for $80 million not even possible at this point.

It is pretty clear who is nearer term to production and earliest to positive cash flow in this case.