pk is not useless ! crunch time for sino imo, page-6

MMX will not hold any stakes in OPR.

Firstly, the Chinese (Sino) will not settle for minority share in OPR. It's 50% minimum. Otherwise OPR won't happen.
The Weld Range mothballing was an uktimatum.

Just as well, MMX can't keep any direct or indirect share in OPR anyway because it can't filfill it's end of the bargain in terms of funding.

Wa La ! Problem solved. OPR sells it's entire OPR stake to Sino (which always wanted it).

However MMX also hapopens to own 50% of JHEP - now proven to be a very viable 40 year 35MTA mine (which if parked will ensure Oakajee to remain unviable). That means Sinosteel Mid-West will have to be canned and Ansteel investmemts with Gindalbie turning to dust.

Yep, MMX has the Chinese by the gonads.

When you talk about the Mid-West in chinese terms. the issue of investment mustn't be seen and deal with in the traditional sense. To the Chinese, securing IO in Mid-West is strategically vital. Without 50% control of the infrastructure, they control nothing. Short term up front cost IS NOT even a secondary consideration.

As I mentioned, the Chinese has already bought up $300 million worth of agricultural land in NSW just in the hope some day the will find coal underneath.

Money is no object.

MMX...Go You Good Thing !