ABS may still play a critical role in the Project. That is through the securing of resources (Iron Ore). In this respect, ABS's MOU with Boulder is still valid. I wonder though how actively they're persuing this. In my mind, this is still a critical part of the overall project equation. If they dont secure iron ore, the deal doesn't make sense.
If ABS fail on this aspect, I suspect that MCC would support Boulder here as well.