new low, page-23

The interesting thing for KML is that MGX are closing down their mid west operations, so that frees up rail and port capacity. This was flagged to the market a long time ago though, so I would have thought KML would have already moved if they were seriously considering ramping top to stage 2. Ansteel are also the major shareholder in GBG. I once thought they'd take out GBG but have come to realise they don't need to.

The problem with the project is that the ore body did not behave in the manner to which the processing plant was originally designed. and there are many questions around that which will forever remain unanswered.