How ironic, they are basically looking at doing an MGT with the scale up option, the peer everyone was bashing not so long ago.
Really all options should be kept on the table to maximise flexibility, that was a no brainer back before they went for the big option. Look at IRD they had to halve their production case because the capital ask was too high.
Am starting to wonder if the magnetite plays in SA are stranded assets...or whether this was just an own goal from mgmt
Ann: Strategic review to consider project scale up options, page-20
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