mmx continues down mis starts up, page-25

And to add to that, once the negative newsflow dies down there will be plenty of catalysts to get MMX shareprice moving again:

- iron ore price negotiations - several brokers tip a 50% price rise, and some are talking 'off the record' about 60% price rises. And this is recent - so no signs of a drop in demand from China.

- FMG - just came out today reiterating they are on track for a 1st shipment in May. The market will see that if FMG can do it, there is no reason why other start up iron ore plays can do it (those that are well positioned such as MMX anyway).

- Port/rail tender - MMX is still ahead of MIS in planning. If Asian iron ore customers want control of miners, they will also want control of the infrastructure.

- If Sino buys MIS, oh well MMX won't get them but then speculation will immediately begin about who the next bid target is (and MMX would be the jewel in the crown for anyone interested new in WA iron ore).