KI Update, page-53

Certainly would recommend listening to the Institutional Teleconference from the MGX website. Some great info to take away.

Interesting that there was not one question about what Mgx are going to do with their remaining $300mil cash - ie, what are they looking at or are they close to making a decision.

Also, VERY interesting comments from Jim at the 34 min mark about the impact on price currently being experienced for both low and high grade io sales into China, and the reasons behind this.

It is clear that with the current emphasis on high grade ore, at 66% Fe KI is compelling and was always going to be reopened, but the numbers still need to stack up.

The Stage 2 development needs further Geotechnical work to be undertaken on it, and pleasingly, this will be done over the next year so before before production starts from Stage 1.

Exciting news. GLTAH.