I am not sure on your 90 million I think EPA will be very costly...

I am not sure on your 90 million I think EPA will be very costly this time around for KI and Insurance wont be cheap either anyhow even if you are 30-40 million out they have that and that is key going forward

Other thing is It will be a long lead time to get KI restarted anything could happen with IO prices that may make it simply not viable to commence mining on KI deferments could be in play anyhow its pretty cheap on cash backing but so was 17 cents can it go back there if IO continues the slide its possible but improbable got a feeling MGX could go sub 30 next month hesitant to buy more just yet chart does look better having said that its a tricky one IO plays at the minute

Not really getting why they are not buying back shares this last year with that much cash makes no sense to me not to looking forward to the quarterly and some clarity where they are heading

Is India a future market for KI who knows