As I said the Feasibility Study is NOT bankable - all that bile seems to have affected your comprehension.
I have not been privy to the original agreement and have only seen the announcements on ASX :
Deferred Payment at agreed value less half Initial Payment
?? Payable on completion of Jack Hills development studies
?? Valuation based on agreed parameters and assumptions
?? Provides equity capital for project development
and :
Murchison and Mitsubishi will negotiate the Deferred Payment based on the results of the various supporting studies for the Jack Hills expansion. In the event that Murchison and Mitsubishi do not reach agreement, an independent expert will make a binding determination using a cashflow valuation model that adopts an agreed methodology and assumptions including consensus commodity prices and macroeconomic forecasts; typical project based discount rates, and operational and capital cost estimates agreed in the bankable feasibility study.
No mention is made of what will happen if their is no "bankable" feasibility, if you have information that says Mitsubishi walk away with 50% of JHEP for the initial payment only please share it - with source.
There is an argument that if MMX sells their interest, the payment will have to be made to the purchaser, perhaps thats and incentive for Mitsu to buy and then pay "themselves"
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