china pulls out of $6bn wa project, page-25

It's not the per annum tonnage that's the problem, it's the gross tonnage over the life of mine (which is only 10 years currently) and the huge capital costs for power, gas and especially water.

MMX faces the same problems but MMX has a much bigger deposit and so the capex costs can be spread out across the life of mine.

I bought some MMX at 50c during the GFC and rather more at $1.40 a few months ago so I'm going to be taking a pretty hefty loss if I sell out now. But rather a pretty hefty loss now than a much bigger loss in a few weeks. Decisions, decisions...