Forgot to mention the obvious 16 production target now 9-10mt...

Forgot to mention the obvious
16 production target now 9-10mt instead of 9
17 onwards 6-8 mt which may mean benefication plants may cease in a low value environment taking their 2.4mt out of the equation.Also export grade increase to 60% may imply instead of handling LG ore for beneficiation,those loaders may be redeployed to mining as yet not JORCed resources indicated in the presentation.

All said and done ARI may have turned the cash flow tide and now be starting to accumulate cash from the end of this month(Financial YEAR).
The CASH blood on the floor has just not eventuated to the extent the commercial shorters had anticipated.

Debt still a problem but in a stable steel price market there is money to be made,well beyond having the value of all steel on hand falling as you wait to sell it as has been the case for ARI over the last 12 months.
What you lose on a downward market you make on a rising one.

Like AG,do you stop buying a bargain because it gets even cheaper?