Mr King, who has dived 40 times on the wreck, said he had seen marine life progressively return to abundance in the area formerly comprising the debris field.
Seven to 12 tonnes of copper had dissipated or remained trapped in the collapsed remains of the Rena while at least nine tonnes had been recovered.
TMC Marine Consultants estimated that less than one cubic metre of oil remained within the wreck, at depths and in locations where it was no longer safe or feasible for recovery by divers.
TMC technical director Colin Barker said it would take up to three years and cost between $388m and $560m to remove the aft section of the wreck.
He said there was general agreement among experts that the parts of the aft section in deeper water were beyond safe or feasible air diving depth. The alternative of saturation diving was unlikely because of strict guidelines.
Mr Barker said the removal of the 1000-tonne bow lying in shallow water remained problematic because it was beyond the reach of moderately sized off-shore cranes. It would have to be manually cut out by divers and dragged into deeper water, with the total operation lasting about 410 working days and costing $89m.
The shallower bow section was heavily affected by current and swells that precluded dive operations in all but the calmest weather.
He said the 111-day weather downtime of Resolve Salvage's $43m 244-day operation removing debris from the debris field showed the magnitude of the time and costs involved in operations at Astrolabe Reef.