Ann: December 2017 Quarterly Activities Report, page-120

You have to keep things in a perspective.

The average price for iron ore over the 3 months (Oct, Nov & Dec) was $65.00, the second lowest for the last 4 quarters. Only last June quarter was lower at an average of $63.30 and then we only made 9 million. The average price for January 2018 so far is $76.00, if that would hold up we would be in the money. Also, extra stock sitting at the port and not sold is nearly up 200000 tonnes, if we would have sold that we might have broken even for this quarter.
I don't think that Atlas can be written off yet