Ann: Scheme of Arrangement and Demerger, page-70

Interesting that in March 2017, Karara applied to the department of water for an increase to their license to allow for an increase in production above 8m tonne pa. Could be wrong but I don't recall GBG ever mentioning this. Iron Ore is a volume game as a large portion of the costs are fixed, having most of the critical infrastructure already in place is a gift for expansion. Wonder if the report will include what reduction in c1 costs and what additional capex is required to lift volumes to 16m tonne PA and above?