I was wondering if someone can verify if my figures are correct-...

I was wondering if someone can verify if my figures are correct- if I am wrong I apologise in advance.

The current 62% Platts Iron Ore price CFR China is $58.58 USD. AGO sell a 57% product which sells for around 25% discount after all discounts are included, so they would be receiving approx. USD $44/MT. This is AUD $56.40 @ $0.78 exchange rate.

I understand that all in cash costs for previous half year were AUD $67/MT. I understand that it is now $63/MT with talk that it will be reduced to $59/MT.

So at todays prices, they are losing $6 - $7/MT, it could be as low as $3/MT or as much as $11/MT.

On production of 1 M MT per month, that is a loss of $6M per month or $72M per year.

I understand that the debt is around $320M AUD currently.

Will Atlas have to sell or close downs some mines?

Do they do a capital raise @ $0.15 or less to stay alive. This would dilute existing shareholders.

Appreciate any feedback others may have.