valuation without the emotion, page-3

Good points.

Although the ultimate price is what the Chinese is willing to pay for.

They are the largest IO consumer and biggest steel producers in the world by a long shot.

They are also desperately trying to diversify their suppliers and to reduce reliant on the Big 3.

The worst kept secret is that they are trying everything to acquire IO assets around the world to ensure security of supply.

MMX is in a position of fundamental strength despite financial weakness.

At the end of the day, MMX has what the Chinese want.