come on..., page-38

So by your rationale, if prices during the boom were close to $200USD per tonne, and prices now are $100USD per tonne, why are TTY in such a financial mess. I can accept the hedge for a little pain, but the numbers you are talking are very high, hence there should be some free flowing money. If the numbers you talk about were applicable to TTY, I doubt they would be in a T/H over finance. Unless it was over which company to take over!