seawall failure, a blessing or disaster

I was pondering for the last few days: the sea wall failure at Koolan Island a blessing or a dsiaster for mgx?

A blessing: Koolan Island has been operating at cash flow negative due to the low io price and high strip ratio. to keep the operation going, mgx is losing money. the sea wall failure will help stopping this negative cash flow. hence I regard the failure a blessing for the company.

reading the ann by the company today, mgx may get some insurance payment from the insurer. that's even better and re-enforce the view that the failure is a blessing,

A disaster: yes it has stopped the Koolan island operation.

The share market activities today seemed to suggest the failure is a disaster, with half the mc of mgx been wipe out.
But the Koolan island operation has been priced at $0 prior to the sea wall failure. It's amazing to find out that Koolan operation is worth half of mgx mc after all.