I wouldn't be surprised to see a Chinese buyer for LL. I can think of 4 that would be interested given the expected pickup in nickel prices next year and KZL's & Goldman Sachs' (GS owns 50% of LME metal warehouses now) good relations with Chinese parters.
However, the chinese are clever and won't pay more than they need to. I suspect that with the current backdrop in Europe etc, that an offer of 120 million might be enough to get KZL acceptance and lock out WSA. I think Kagara have already spoken to WSA, (how could they not being JV partners) and probably couldn't get them to agree to a higher amount than about 100 mill. In my view anything above 100 is a win for Kagara seeing as they have invested 60. For anything less, they'd be better hanging onto it and utilising the other 4 options they have to raise funds to pay for aggressive future exploration targets and sell LL when there is a much higher nickel price.
Here is another sign by the way of China's positive outlook for zinc in 2014/2015 and growth in China on the whole and the size of their wallet. They spending 500 mill on new zinc smelters in Bolivias. You wouldn't be doing that if you thought the outlook for metals & china was poor.
