The way I read MOL's report is MRL will buy those stockpiles (low grade) from MOL at a price to blend into MRL's mining product. It will take a while to use up MOL's low-grade stockpiles to blend into high grade new ore.
Because "no value has been assign to" (MOL's stockpiles) so we don't know what price we will get. So my interpretation is MOL will able to sell those stockpiles (could worse $30-$80m depending on iron ore price in the future).... IMHO our final cash level could be over $120m.
MOL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
