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Seems to be alot of misinformed posts around about how the...

  1. Gral
    296 Posts.
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    29/07/07
    20:26
    Post #: 2664423
    Seems to be alot of misinformed posts around about how the Mitsubishi deal works.

    MMX owns 100% of the mine.

    So its 25mtpa NOT 12.5mtpa.

    Once the resource is proved up then Mitsubishi will be able to buy out the 50% at a market price (fair for both MMX and Mitsubishi).

    So basically, the bigger the resource, the more Mitsubishi will have to pay.
    MMX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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