But at what price can they sell it at...if the big players are...

But at what price can they sell it at...if the big players are slashing costs and able to produce at cost below $40/t, the over supply problem wont go away...no use to have an good asset in the ground but unable to dig it and sell for a profit. As soon as there are any rise in IO price, other high cost producers will crank up their output...SDL needs to find funding (US$3.6bn) and able to produce profitably...add to that the dilution that would come from convertible loan renegotiations that needs to happen before Nov15.