I agree with you, present scenario would be how much does Mitsu think it is worth putting some money on the table to put their foot on 50% of it for the future. There is a value attached to that resource even if it is uneconomic under the present circumstances. And as I have argued before it is a JORC compliant resource - JORC compliance is not about economics, it is about the credibility of sampling and computing of the resource. And it was signed off by 2 competent persons under the code.
MMX Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held