News: MGX Mount Gibson Iron posts HY net loss after tax attributable to members of Co of A$15.4..., page-19

KI was profitable back in the 2000s when the feasibility work was done and iron was less than 40. The site has now been established and modernized so its only the seawall + pumping + start-up costs + time costs. This is a thumb suck number - but the original BFS had a cost of about $100 million, and last year they quoted about $10 million to fix the wall. (which has since failed and flooded) I think you would need to consider a range of $30 to $60 million? They still have plenty of money to spend on something else.

I thought they had moved to owner operator and had most of their gear purchased. Not sure if that happened or if I imagined it, hopefully its not all buried. But again - I presume insurance/lawsuit would cover it?

Anyone know about the GHD case? does that go to court anytime soon?