post end of year scenario, page-14

Mitsu deal with MMX over JH is a completely separate deal to the one covering OPR. My last post covering the agreement over JH is not dependent on Mitsu and MMX having OPR. If the infrastructure project does not go ahead there will be not need to raise funds for JHEP and then there will be an interesting discussion between Mitsu and MMX as to the value of the resource, and the required payment by Mitsu if they want to gain 50% interest (for the future perhaps)
The holder of the tenements is Crosslands, and Mitsu have to comply with the agreement to gain their 50% interest in the tenements. Nothing to do with who has OPR.