Just look at the billions being spent by Ansteel and you know the announcement of the new Oakajee arrangemnt is just around the corner after X'mas.
I am pretty sure MMX has already started the process of relinquishing the exclusive rights (despite all the face saving bull sheet in the quarterly report) and is getting ready to accept half of the $78M payment from the government (very well flagged in that report).
Sino, Ansteel and Mitsu must be busy nutting out the details of the new consortium to be announeced after X'mas (really a matter of technicality and formality since the expiration of OPR is end of December).
MMX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held