how long is a piece of string

Going by the Annual report, leyshon Has commenced commercial discussions with the Vendor. And Its advisors have commenced negotiations and discussions with a large state owned entity. With approvals from local government and seeking approvals from Beijing levels. It got me wondering what is needed to get the deal done, will the deal get done before the JV or will it take the Joint venture to push it over the line. Will the state own entity prove it's worth in pushing Beijing approvals. And how valuable will the JV be in off take rail access and in pushing the Vendor over the line. After thinking about this I think the Chinese will be happy for a few foreign companies to mine in China as this will show countries like Australia that Australian companies have access to China so the Australia government should be happy to let Chinese companies have access to. Also I would be pretty sure a jv will be 55/45 or 60/40. But I really think the project does not rest with the vendor or Beijing I am pretty sure when the JV is pretty much decided all barriers will lift.
The Chinese are no doubt pretty astute and while I will never understand the machinations of there government, I am pretty sure that this deal will rest on the J.V as the government basically can give and take away but will want this tied down tight as it would cost them a lot face and really stop there march on foreign resources if they dudded a foreign listed entity. While we just hope the deal will be done, I think a lot will rest on the success of leyshon as it could have a flow on effect as china buys up big resources. I know this is a different take but this the main reason why I think it will work and within the next 3 months