Gindalbie Metals substantially reduces contingent liablities

(CONSOLIDATED FROM PREVIOUS THREAD, SLIGHTLY EDITED FOR CLARIFICATION. I WOULD DELETE MY PREVIOUS POSTS BUT I CANNOT)
The $473m in shareholder guarantees (note 24) is quoted in Australian dollars. AUD is GBG's operating currency, and all amounts quoted in $ refers to the Australian dollar.
However, the CDB and BOC fixed term loan facility that is no longer guaranteed by GBG is specifically quoted as US$400m.

Therefore, GBG's liabilities were reduced by 47.84% x (400m / 0.8) = $239.2m.
(AUDUSD exchange rate of 0.8).
Therefore, GBG's remaining term loan contingent liability should only be AUD$233.8m.
Assuming 2018 goes to plan and next April another USD$300m of term loans rolls over, then that would further reduce GBG's contingent liablity by another $179.4m.
47.84% x (300m / 0.8) = $179.4m (assuming AUDUSD remains at 0.8).
So theoretically, if the loan rolls over as expected and GBG provides no further guarantees, in April 2018 GBG's total term loan contingent liablity will drop to AUD$54.4m.
Add back $20m for the rail haulage and tailings management facilities.
Theoretical total contingent liablity for GBG at April 2018 should be only AUD$74.4m.
GBG's got AUD$37.36m in cash reserves (including term deposit), a 47.84% stake in a multi-billion dollar iron ore mine that is producing 8+Mtpa of premium magnetite and selling all it's production, as well as the new Mt Gunson Copper-Cobalt-Silver project.
Hahaha... you've got to be out of your mind to sell it for AUD$24m! (market cap at 1.6c per share)