Story Behind MDX, page-2

It has a decent resource size but is a long way from port with production costs around $85/t from memory. Project was uneconomic when io prices crashed and around breakeven from here.

They relinquished all other projects so just have their io project to rely on.

Funds are very low and while some deep pocketed directors and associates can keep it ticking along, it needs outside funding to develop the project. They have been close to securing this twice in the past but couldn't get it over the line. May see some more interest if io prices continue to rise.