murchison capital raising, page-39

Its like anything you sell

Its worth what someone is prepared to pay for it.

Problem with MMX is any sale brings with it massive expenditure for a high risk.

Will IO prices be the same in 2015 for example. Many experts say no as RIO, BHP, FMG, and other junior IO miners really come online and China demand for IO slows.

Look at this Article today from your favorite Newspaper.

"Given the elevated capex, and uncertainty around users and tariffs, we do not expect Murchison to realise significant value in any selldown," RBC Capital Markets analyst Chris Drew said.




'The sharemarket carnage came as China's Sinosteel yesterday hardened its opposition to the corporate structure and business case for Oakajee, saying there was nothing new in Murchison's feasibility studies.'

''Sinosteel Midwest Corporation chief operating officer Julian Mizera, whose job is being abolished as part of the Weld Range suspension, said Murchison's release of the feasibility studies on the infrastructure, and its Jack Hills mine expansion, had not provided any real update.''

''Unfortunately, given OPR's current business case, the tariff simply doesn't work."


http://www.theaustralian.com.au/business/mining-energy/oakajee-doubts-spark-sell-off-in-murchison-metals-stock/story-e6frg9df-1226088401208