Maybe a good time to relist, page-48

They remain mothballed, Mt Mason is only a small resource around 5mt from memory, Mt Ida is the large Magnetite resource with over 1 billion tons. The cost of bringing it into production was estimated to be 1.6 billion dollars some years ago so would be much higher now. They where possibly viable when the iron ore price was north of 120 dollars a ton and the WA government where planning to build a rail line and extend the port facilities in that area. None of that applies now, iron ore price is around 75 dollars a ton and the WA government have to have a whip round to pay for sandwiches it is so broke and I dont see any progress on these assets for many years. Jupiter have reviewed these assets twice to my knowledge and left them on care and maintenance.

I wish it was different but I see no value in these assets in the short or even medium term.