I am not sure that if the Chinese deal fails it is all over for MOL!
I note that the interim finance facility that they have been holding over the last year has been restructured and does not mature until, April 2011 ($40M) , October 2011($74M)and October 2014 ($20M). I presume this will give the company further time to negotiate alternatives should the deal fail.
I remain very optomistic for the company. Demand for Molybdenum must rise as the world economies get back on track