RE:RE:RE:Platreef NPV Improved Over 50% From Base Case ScenarioThe Chinese don't have to buy the ~500 million shares they already own - just the ~700 million they don't own.
So $10/share is just a $7 billion CAD outlay for them or about $5.25 billion USD.
Seems dirt cheap to acquire permanent ownership and control of these assets that will produce vital, strategic, critical metals for decades.
These deposits will feed the monster that China will become this century - for a paltry $7 billion CAD? No wonder RF negotiated the standstills until a time when Cu and PGMs are priced to reflect coming shortages and there is a better understanding of the extent of Cu reserves. The Chinese would be frothing at their mouths to acquire IVN for $7 B CAD right now. The price will be higher in 2023.