I know Doc, but in pinkie land this should fly with a LOI!!! I guess Larry is just stoking the fire. Larry listen you can throw the GAS on the fire anytime!!!!!!!!!!!!!
Are there any international business people here or someone with experience in China? My limited grasp of the situation is that this deal will not happen without the backing of the Chinese government (especially because it is a mining contract--basic national resources). If the Chinese government backs it, then it will probably happen.
Given that, does an LOI with a Chinese company mean something different than an LOI with a western company? Has the government already signed off?
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