resolution as soon as january 2012

I think the biggest push for Oakajee right now is Barnett, Gindalbie and Ansteel. Karara may end up being MMX's saviour and puts a limit to how far Sino can play games.

Sinosteel will not commit to the new Okajee consortium until it knows it can accquire the 50% in JHEP from MMX. Weld Range doesn't provide the economy of scale, resource and mine life for the investment.

MMX won't and can't sell the 50% of JHEP until the new Okajee consortium is established. The committment to develop Oakajee effectively derisks MMX entirely where the sp will rise to reflect roughly the value of 50% JHEP (derisked).

I think we will know soon in the new year.

CB's representative are in Beijing to break this deadlock. Note that China Development Bank was the main backer of Yilgarn.

http://www.perthnow.com.au/business/wa-company-news/top-wa-bureaucrats-to-go-to-china-to-salvage-oakajee/story-e6frg2s3-1226181903305