Just the scenario you give means they may have nearly enough to see them through to and including restart of operations. From memory that involved a $3m cost during the wet. Plus cranking up costs on top. I am picking it all depends on when they start reloading. Which of course means they have come out of the last year/ quarter not too bad.
Hence the firming Of the shareprice.
Whether they take it or not becomes immaterial other than costs involved.
The other thing is any shipping during the normal wet period provides proof of supply potential in the future.
The changing weather patterns are with us normly for a 4yr cycle until ....Nino or Nina swaps again.
So the next few years southern Queensland should have northern weather as it has shifted southward.
regards
MMI Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
