And given Pilbara has put up a "NOT WELCOMED" sign to the Chinese started with Chinalco being kicked in the gonads by BHP and numerous other examples, Sino Steel shouldn't overplay teh poker game of bluff.
They should wrap up a deal with MMX to buy JHEP (for a decent price) so that they can keep the IO shipping at the same time and beyond Weld Range's production.
That's what I call win-win. I mean they paid $1.5B for Wld Range with poorer grade, higher cost and short mine life. S
Muzz doesn't like that. He can't down ramp once we get our cheques in the mail.
MMX Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held