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Standard: Mirrabeena Iron: keep a small iron ore mine running?
The prompt
Mirrabeena Iron runs a small iron ore mine in Western Australia. The iron ore price has fallen, and the board asks whether it should keep the mine running or close it until prices recover. How would you approach this?
Your interviewer will share data as you ask for it. Ask clarifying questions, state a hypothesis, then lay out your structure out loud before you calculate.
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