money to spend

Interesting to read about the 650klm exclusion zone on where MMX can buy another io coy it would need to get permission from crosslands etc.

I think this would explain why we are digging dirt in pilbara.

CPG i know you asked why not spend the $$$$ on jack hills.

Well basically the money is MMX's not crosslands who owns jack hills. Crosslands which is the JV owns jack hills. They have come out & said MMX can't buy io coy's close to jack hills & the same would be for the digging of jack hills.

Even though MMX has the money Mitsu would have to agree to spend more as well which is obviously not part of the plan until the bank feasability is done.

Therefore MMX has $180m that they can't spend on jack hills excellaration (not in the next year anyway) & can't spend on local io coy's without meeting crosslands conditions.

Therefore we are spending it on Rocklea.

Don't know if its just me that just got this because of the announcement or not but that will explain a few things.