facts

Simple fact is the Chinese is now committed to being a stake holder of Oakajee where they will be mining most of the Mid-West for decades to come ! If MMX's stakes in JHEP is sold to SinoSteel, the Mid-West may as well be another chinese province. More a reason they should owen part of the infrastruture !

MMX will flog off their entire OPR direct and indirect stake which will (either go towards funding of JHEP or be part of the proceeds from the sale of the entire company).

Oakajee based on MMX huge costing will end up in the bin for a phased non gold-plated version (Yilgram ?) will be implemented potentially with cheap imported labor. End-result - savings of $ BILLIONS in CAPEX.

We now know SinoSteel parking Weld Range was a silly game.

We all know (for Okajaee) to be viable, JHEP must be developed as part of the plan.

We know there was a reason why MMX (knowing full well hey could never fund the project) still got the extension in March from Colin barnett to continue the BFS. Colin knew all along MMX could never deliver the goods (he said this many times).

MMX must prove up the resource and have a viable BFS released to the market (30MTA of concentrates) before the Chinese could sabotage the company.

MMX knew, if the Chinese were ever going to buy JHEP, it must never be a fire sale (but one done on commercial terms based on prevailing and projected IO prices against a PROVEN JORC resource).

Hey Muzz, how's your dead lizard ?