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Ann: Arrium Mining Quarterly Production Report, page-2

  1. rmp6868
    106 Posts.
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    21/01/16
    11:11
    Post #: 16840115
    Confirmation they are losing a lot of money on iron ore

    Based on Platts at USD 47

    Realised price AUD 51 and cash cost AUD58. Both CFR, dmt basis

    On current iron ore market , last night Platts USD41.61 , then I calculate current loss is AUD15 tonne.

    x 9million = AUD 140 Million per annum

    they need to close this down to stop the bleeding & before the bankers say enough is enough
    Last edited by rmp6868: 21/01/16
    ARI Price at posting: 4.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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