IMO No. Forget Tasmania MMI has location advantage Weipa - and...

IMO

No. Forget Tasmania

MMI has location advantage Weipa - and expansion tenements .

There's no point in leverage a lower cap if it's multiplied by zero at the end .

I.e - back the play that is going to move ahead into real cash flow cow . Not an excuse list .

It's all about offtake into the bauxite market .

Contemplate that you are the Chinese client - and the market softens - you want the supplier whose logistics give them the advantage to keep operating at lower prices .

ABX would be still trying secondary markets like fertiliser .

Who do you cement a relationship with ?

Further the upside on MMI with no further dilution - small capex debt funding in process offers many bags.

Both MMI and ABX have been around a while . Who is moving ahead and who is making excuses .