things in favour of mmx, page-10

Sino buying Murchison only gives them 50% of JH and OPR. Mitsubishi controls the other 50%. Why would Mitsubishi walk away from this unless they get a big dollar. In Mitsubishi world they have only spent pocket money on this project, the idea that Mitsubishi are tearing their hair out about this is laughable.
A good place to compare the competence of Mitsubishi v Sino - Mitsubishi did a deal where they don't have to spend any real money until the project/mine is signed, sealed and dusted, Sino spent $1.5b buying Weld Range before any work had taken place on rail/port and they had a half decent reserve.
It would be good if posters on this site knew the structure of the companies.