you hit the nail on the head about koolan island. Unfortunately for us. I suspect they will try to reopen it. someone on this forums said they went to the AGM and management pointed out the IRR at current iron ore prices is 20% for koolan island. Not many iron ore projects for sale with better returns than koolan island. Only issue is it comes with considerable risk of another collapse which would cost money and time to repair. Hence better for investors if they cease work
MGX Australian Article, page-8
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