Agree paps and IMO Barnett does too. CB has always supported the Chinese in a TO of MMX. Sinosteel was knocked back pre GFC. Sinosteel & Yilgarn Infrastructures tender was also knocked back on Oakajee. Yilgarn attempted a back door bid over the infrastructure. Sinosteels Weld Range (complete BFS) does not exist without Oakajee. China Inc/Yigarn/Sino/China/Me and a back-up financing model should MMX crumble. Mitsubishi are..... Mitsubishi. POSCO is.... POSCO. FIRB/Swan are.... clowns. BHP could really upset China here (not likely to happen). Right now MMXs projects are 10X their current market cap. Whats the odds any of the above are back at the FIRB?
MMX Price at posting:
$1.24 Sentiment: None Disclosure: Held
