For the mine to be viable you need rail and port infrastructure,at the moment it is just a stranded deposit, current small operation will come to an end next year.
The sale price in my view is a good deal .
Look at Flinders deal, equates to 60 cents a ton for a better grade and DSO, not to mention rail and port on their door step which is just a matter of dealing with FMG or RIO, MMX are getting 20 cents a ton for a low grade stranded deposit.
MMX Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
