I'd speculate a significant amount more than $30m cash would be required. It's really going to be banker driven re the cash to a large extent.
I'd not know what the bankers will want. But it could be well over 100m under scenarios not outside the spectrum of reasonably likely possibilities.
Selling the Dampier supply base and renting it back might be another option (or additional option). Not strategically ideal but perhaps a better choice in current conditions than a mega CR.
MRM Price at posting:
30.0¢ Sentiment: Sell Disclosure: Held