I can understand where you are coming , probably feel the same...

I can understand where you are coming , probably feel the same way if i was you but patience is the key now. This saga wont last for ever, they'll either go back to mining ( and start paying a dividend ) or buy another asset ( at distressed prices ) or get bought out ( via private equity ) .

The key is the insurance timing. I'm normally a pessimist but I can only see long term positives here , the only negative left is that the insurance company doesn't payout and one must accept this a small possibility. Even if they were to return to mining they could start production off at levels which suit a lower iron ore price environment then scale up into higher prices if they return.

Once we find out about the insurance and it's positive news , I suspect there are others out there want some of that cash. If management sit on their hands too long after that they will come knocking.