MMX detractors claim that at $3.7billion JH is not viable the same detractors are often Sino proponents. The real cost for Weld Range are the same ($2b project costs and $1.5b+ for acquisition), for an orebody third of the size, restricting the mining rate to 10 to 15mta over a 15 year period. Maybe the Sinophiles can show us how the economies of Weld Range get anywhere near JH. Sino, Gbg and mmx are all in serious trouble if OPR doesnt get done, but Sino are the real losers because of the acquisition costs, which they can never recover. They won't be going cap in hand to anyone, but be assured Ansteel will be playing the same hardball that Mitsubishi and MMX will. I think there will be a positive outcome for all players.
MMX Price at posting:
71.5¢ Sentiment: LT Buy Disclosure: Held
