From MiningNews: "In late April, Mount Gibson approved the $97...

From MiningNews:

"In late April, Mount Gibson approved the $97 million restart of Koolan Island.

A feasibility study into a restart confirmed the project’s viability, generating a pre-tax net present value of $106 million, at an 8% discount rate, and internal rate of return of 34%, using an iron ore price of US$55/t and exchange rate of 75c.

Using an iron ore price of $65/t sees the NPV rise to A$233 million with an IRR of 58%.
All-in cash costs are expected to be A$53 per tonne and the high-grade product is expected to attract a healthy premium to the spot price.

First ore sales are expected in early 2019."