Yep - Indonesia & The Phillipines = totaly uninvestable proposition in my opinion regardless of orebody. Can probably add Mongolia, Solomon Is and maybe PNG to that list at the moment.
Back on topic to MLX - I also agree that Cu price needs to go to the moon before anyone will risk Nifty again, although I agree with other posters that if anyone is going to "fix" Nifty it would be EMR Capital and Owen Hegarty, EMR are private and don't have shareholders to worry about, and are pretty much the turnaround kings in the industry at the moment. Even EMR would drive a very hard bargain and try to buy the asset for close to zero and they would probably want someone else on the hook for historical enviro liabilities and rehab bonds, or want the WA government to sign a waiver for these. Hats off to whomever drafted the original Mt Gordon agreement, money for nothing for MLX.
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