re: re:reminder/markco2 hate to keep coming back to MGX's role...

re: re:reminder/markco2 hate to keep coming back to MGX's role in all this.. but!

what good is a stake of 13-14% in RMI should the chinese line up finance for any project as part of a control takeover? Why keep it?..

Particularly when MGX is attempting to draw the chinese into its own magnetite project.

personally I would not be surprised if all this ties in with MGX's grand plan to leverage off the discontent with BHP/RIO etc over iron ore contract negotaiations to build a multi project jv with shougang or if need be another chinese steeler purely to lock in a sales contract with a mine management fee component as per the JV with shougang.

MGX is the the fourth largest producer already and would be more than able to rationalise the iron ore hopefuls.