GRR Valuation, page-110

That's a great piece of research. I really am impressed. [I mean that - irony button is off].
Could I ask you to run those numbers again using a better IO price for MGX? As of about now, MGX will again be shipping hematite of at least 65% grade from Koolan Island, so the correct number per tonne for Koolan ore is something like $320 per tonne. My guess is that Koolan can ship about 3,000,000 tonnes p.a. on its own.
Plus there is a smaller contribution from the new Shine mine, which will be shipping something like 58% grade fines from Geraldton port, beginning in a few months. MGX's stated intention is to let buyers decide which grade they want and send their ships to the appropriate port. Some buyers actually want 58%regular, apparently.
Thanks in advance.