Certainly mmx need to improve the offer. However, what would...

Certainly mmx need to improve the offer.

However, what would happen if mmx do a supply deal with sinosteel and sino don't proceed with their offer of $5.60? I suspect mis s/p may fall back a bit because they are expected to run out of ore to export in April 08 and have no mining permits in place. And even if they did they are years and many hundreds of millions of $ from mining at jh or wr.

If mmx want a deal they have to get sinosteel on side.

They also need to sweeten the scrip offer so satisfy the malaysians who hold about 30% of mis