Iron ore price <$20

What would be likely to happen to MGX in this scenario? Would they shut down operations? I'm not saying this will happen but it is a possibilty - before anyone says it isn't just look at this chart: https://www.indexmundi.com/commodities/?commodity=iron-ore&months=360
just over 10 years ago IO was at these prices and had been around $12-$15 for around 30 years. Saying 'this time is different means you have a short term memory of every other bubble. Also does anyone have annual or quarterly reports for MGX from before 2004/5? The website only has from then onward.