I wish I could say it doesn't depend on the context, because sometimes people just need a number they can work with to be predictable, but it depends on the context. I think the most susceptible are junior miners and small projects. If they are looking for investment and would take it from anywhere they can get it because they might not go ahead if they don't get some investment from some kind of investor, then they're susceptible to Chinese investment.
The other aspect is that for some of the niche metals we talked about, China has a basic monopoly on processing and refining. At some point, you have to work with some Chinese interests because they're going to be the only person taking your offtake.
I don't want to do this on a case-by-case basis, but 20%.... I think Australia does 10% as a threshold. It's very different depending on the size and whether something is publicly owned or privately owned.
This is absolutely a way the Chinese have influenced junior mining operations. There's another consequence of that that people are concerned about. If you had a project, for example in the Arctic, and there was Chinese influence, they could use their leverage to do monitoring or jamming or have some presence in the Arctic that might interfere, for example, with NORAD.