Gardie I think you will find under the JV agreement between MMX and Mitsubishi is that Mitsubishi is in charge of the debt financing and not MMX. Once the BFS is completed Mitsubishi will pay MMX for their share of the assests and than their own contribution towards the project. Add again the government coin. I think in the end there will be little dillution to MMX. All depends on the final costs.
The above is MO and please DYOR. When the rumors about Mitsubishi walking spread your very question was the reason behind the recent selling in MMX. Once the market click that our Japanese friends are going anywhere MMX will again be the hottest IO junior in the country.
CHM Price at posting:
8.4¢ Sentiment: LT Sell Disclosure: Not Held
