Matt no crap, their cash costs are rising (over $110 per tonne!...

Matt no crap, their cash costs are rising (over $110 per tonne! that's more than double RIO, BHPBIO or FMG, and they are still losing money.

IO prices are softening Matt like housing prices the peak is past.

MMX are a dead duck.

No white knight is coming to their rescue. I know you're thinking someone is going to come in with a cheque and buy MMX out but why would they at the moment?

MMX are going broke and someone will pick up their assets for nothing when they go into receivership.

As for the Chinese IO plans for the Midwest, well they will either persist with Geraldton port at about 16Mtpa or thereabouts, or they will consolidate most of the mines and put a business case to get Oakajee underway. But there is only a handful of small mines scattered over the region so who knows if it will ever get anywhere or not?

Either way you're looking at another 4-5 years before a port is up and running.

How long can MMX survive in it's current loss making form?

Without a rail line, massive infrastructure spend to build a magnetite plant and a port to ship out their product they cannot sustain continuing this trucking of their product hundreds of kilometres from Jack Hills to Geraldton.