Quarterly Activities Report due end of Month, page-7

That's incorrect Cosair. The plant was developed to handle a maximum of 16MT, but that is in a future world, if and when Phase 2 can be given the go-ahead. The fact is that at the moment, the Geralton port apparently can only handle Karara ore to a maximum of approx 10MT, which is what GBG planned all along.

At some stage in the future, if Oakajee gets the funding required, a 16MT or greater production is possible.

You are correct though...it all comes down to whether GBG can service it's huge debt going forward. But IO prices are not going to stay this low forever. Just need to get thru the next 12 months and I can see GBG making big money as soon as the spot price starts heading north.