Not only that.Does anyone expect Yilgarn to just pack up and go...

Not only that.

Does anyone expect Yilgarn to just pack up and go away? Unlikely. Maybe Yilgarn and their chinese backers will bid for mis. Maybe a competitive bid between Yilgarn and MMX/MITSU.

Another possibility is a yilgarn/mis structure similar to mmx/mitsu. Who knows?

BUT - Sinosteel seems to be a problem because effectively through the jv they already have 50% of mis.

Anyhow we can speculate for a long time about what might happen. For me, a spec play in MIS is too dangerous because there are too many unknowns to work out.