opr and crosslands feasibility studies, page-7

For the ill-informed.
SMC has hedged it's bets.
SMC has since accumulated a 13percent stake in MMX at average cost 1.25/ approximate 70 mil stake.
MMX @ 2dollar target will earn it 50mil paper profit.
SMC claiming Weld Range currently costing 100mil per year/ truth somewhere in between, more likely 50 mil.
MMX positive BFS, ticking the boxes with Sino involvement equates to MMX 2 dollar price target.
What does it stand to lose.
Answer: sweet f... A..