MGX 4.11% 35.0¢ mount gibson iron limited

Breakout Chart Alert Iron Ore Runner, page-20

  1. 891 Posts.
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    They are in the 'tropical weather zone/belt' for the Southern summer...

    Pit flooding is probably one of the biggest 'rectification' issues post any significant weather event, with ~$400m in the bank, infra can be repaired/replaced, but the pit would have to be 'drained/pumped' and 'dried' enough to allow heavy-vehicles re-entry for production...

    Stockpiles aren't massive on KI for what is visible in most recent presentations, ~1-2 weeks maybe...

    Wouldn't be surprised to see a 'ramping' of stockpiles pre-emptively as a bit of a mitigation/contingency if pit does flood...


 
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