Maybe ... maybe not.
MGX have $349m after redundancies BUT how much is it going to cost to fix Koolan ??? That's the question ... $50m? $100m? Well they say that info is to be released 1H15CY, so a lot of figures will be thrown in the air.
IMO it will get fixed as you have excellent grades >62Fe and >7 year mine life.
Cash is great ... but it can be gone in a second.
Ann: Koolan Island Update, page-24
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