Yes they have a couple of false runs, but when your hunting for a few billion dollars and throw in the GFC - that takes time.
If they get a deal from HUNAN ,it wont happen overnight.
But what it will do is supply a lifetime of ore to HUNAN at a better price than if they were to go to Rio/BHP.
And if they do pull this deal off, the current market cap is so undervalued it's not funny.
sdl $1.3 billion arh $130 million, page-7
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