Agreed Rich...but under that scenario Mitsubishi would still owe...

Agreed Rich...but under that scenario Mitsubishi would still owe MMX further residual payment to finalise purchase of the 50% they have already contracted to own...so would suggest that any negs would have to progress along the lines of...we'll give you $xxx mill for the further 50% plus $xxx mill as final payment for our crrently owned 50%....Analysts in march were suggesting Mits 50% was worth in region of $1.1 billion.....Now if you own a Picasso But you're struggling and need cash..is that picasso worth any less.???..what is fair value for a 3 billion tonne I/O resource that has a completed BFS, and when the sale is completed will have surety of access to infrastructure (because naturally any buyer is only going to buy cos they know thay can get the Infrastructure done too)....Knowing that X is going to put in rail and port..what is 3 billion tonnes and the biggest by far mine in the area worth.???? 25 cents a tonne, 40, 50......even at 25 that makes 750 mill....DYOR