MMX murchison metals ltd

mmx post opr mandate expiring

  1. BT
    377 Posts.
    Some questions need answers now it has been made clear OPR won't get up and all parties are waiting for the mandate to expire.

    So we need to know what happens with JH JV, my understanding is payment to MMX is only on basis of a positive BFS with OPR bedded down as well, therefore if one leg doesn't get up no way will the Japs be paying anything for a stranded deposit, so what does the agreement provide in this case - MMX management must disclose this outcome in order to keep the market informed.

    BTW I have read some posts saying if OPR expires MMX gets $78M from WA government, my reading is OPR partners get the $78, so only half to MMX!
 
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