quick spike back to $3

I think Barnett is doing what he has to (that is challenge MMX and Mitsubishi about the delay with the questioning of the OPR/JHEP structure). The Chinese (as they should) no doubt are suspicious of Mitsubishi's intent and have been complaining to Barnett (hence the "Chinese Solution" we hear from Barnett).

So much has been invested in this by MMX/Mitsubishi that unless Jack Hill 2nd stage is an sbsolute dud, this whole project has to happen and delivered by MMX/Mitsubishi.

Once Barnett (as I expect) grants the extension (not without initial objections), MMX SP will instantly rocket back to $3.

For heavens sake, "greater" Jack Hill would justify a larger valuation.