It does not sound impossible at all but still don’t think it...

It does not sound impossible at all but still don’t think it makes much sense.
Make your offer, deal with Nzuri and wrap it up behind closed doors, get it sorted and announce it out of nowhere. No exposure to huge spike in Nzuri SP, no potential bidding war and still lock in the cobalt supply to act as a trigger for SP of Huayou, without unwanted fanfare to that point.

That is unless there is no plan to take NZC out and they will just end up being offtakers of product.
I really don’t think that will be the case here given the value currently and upside of NZC tenements.

Why risk running the NZC SP much higher than you might have had too.
$100m is still $100m(or whatever) at the end of the day which goes half way to establishing a SX-EW.