Hi Joca it was estimated some years ago that to bring Southdown...

Hi Joca it was estimated some years ago that to bring Southdown on line with its very long slurry pipeline would cost around 800-1000 Million. Cash Reserves within the two companies are equal to about half this amount.it is a no brainer to me as Koolan island, if i remember correctly was also previously mined by BHP or Hammersley way back in the 1970/80s and the quality of remaining ore is questionable at best.
Having not held MGX myself for the past 9 years i was looking at having another go with them as i made a pile early on and feel 40 cents is a bargain compared to the current deal we are getting from GRR...