Ann: Entitlement Offer closes raising $1.17M, Shortfall commenced, page-62

Dont really think that indicates viability though. Look at the early stages of FMG, RIO, CIA, hell pick any other mining company. Because their SP and MC was extremely low at one point did that mean they weren't viable?

Remember building a railway across the pilbara and also providing water to those remote areas was also impossible and not viable..........

simandou was also not viable because of the environmental impacts and 3rd world issues. This is moving forward now.

Mount Gibson Iron faced early financial and operational difficulties. However it has become a significant player in the iron ore industry.

Karara Iron Ore Project struggled with cost overruns and technical issues but has since become a successful venture, producing high-quality iron ore.

Roy Hill Mine faced delays and funding challenges but is now a major iron ore producer

All these were "not viable" to people like Jask yet here we are. Now whether the current management can do it or not is another question but "not viable" is an uneducated trolls mere opinion without much research.