RE:Mitsubishi Materials Corp.Agree Clarke, looks like they are only in it for securing the coper offtake agreements and yep, takeover looking less likely this year with more interested parties.
A few positives points:
1.) I think this strategic investment gives us more market place credibility. We now have a major miner plus a major customer / potential junior partner onboard.
2.) It demonstrates, at least to me anyway, that there is confidence in the BoD / company that this mine will get built.
3.) Potentially, this investment may attract further attention of other majors and bring them to the table early - I really hope this one pans out.