MMX 0.00% 4.7¢ murchison metals ltd

gindalbie considers small oakajee stake , page-6

  1. 6,295 Posts.
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    I think it's a given Mitsubishi is not interested in going it alone on OPR.

    OPR is no longer going to be a major earner, it's only going to be a vehicle for the miners to get their ore to market and as such companies will only want to own as much as they need to in order to secure their capacity.

    As such the stake is likely to be sold down, not bought up. Before, it was supposed to be a case of MMX-Mits hogging all the profit by owning all of OPR. Now it looks like it will be a case of all the users sharing the burden by owning a chunk of OPR.

    I expect SMC and Gindalbie will both be looked upon to take a stake in OPR and possibly POSCO as well, as Murchison's major shareholder and a large customer of the ore.

    Shared by five parties - Murchison, Mitsubishi, SMC, POSCO and Gindalbie (three of whom are steel giants) OPR would be viable and able to be funded.
 
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