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Ah well - hubby also works in Onesteel ... quite high up the chain at Waratah and deals with the issues of the steel quality and overseas clients ... also spent a significant amount of time time (approx 10+) years flying down, living at, Whyalla trying to resolve the concentrator installation...

And it's not just the 18% that work for the steelworks directly that would be affected. For every direct employee, I would image there are 1-3 dependants each (wife and kids), and another 2-3 working to service each of their needs - supermarket, takeaway, home services, schooling, hospital...

Spoke to hubby last night - who is more in the know than I. He laughed at the thought of buying in Whyalla atm. He said there was another mine coming online in the near future between current mine and Whyalla, and that shipping would still be out of Whyalla, but if the steelworks closes then...

With the Whyalla steelworks expected to downsize it's workforce by significantly (if not close altogether) in the near future, I wouldn't be buying anything in Whyalla at all. There are already several hundreds redundancies in play at the moment. I know what you mean with downtown - problem...

This is a hugely valid point - which is one reason why Pizza Hutt doesn't do the restaurant bit anymore. Another factor is that, even tho the property is in the right location this year but - given any number of events - in 5 years time the location could be completely wrong, but he is stuck...