Interesting the MGX announcement yesterday providing more...

Interesting the MGX announcement yesterday providing more accurate assessment of the minerals availability tells me they are just about done with the waste removal.
Once we find closure with Feb 2022 Olympics combined with Evergrande and the world opening to post pandemic - iron ore should head north.
Looks like Iron Ore is starting to stabilise despite the Chinese holiday.
If Iron Ore can stabilise between $100 - $140usd MGX should perform well and considering our major comparative advantage is we have no road and rail movement and have premium iron ore will hold well for MGX.
Would be great in 2022/23 at full production produce around 4.5mt and drop cash cost to around $40-$50 aud could make at least between $100-$140 per mt clear profit before tax and capex. However, expecting higher annualised depreciation but cashflow on the other hand will be huge.