Ann: Resignation of Directors-ARI.AX, page-16

oops edit:

Could well be, limit up on Dalian.
9m tonnes was the guidance wasn't it? 200m EBITDA would be about AUD22 gross margin assuming current AUDUSD and production targets are met.

So are their all in cash costs under AUD73 per tonne?
Easy.


Edit - at current prices they'd not just be marginally profitable they should be hand over fist profitable. Limit up is USD70 per tonne at current AUDUSD that's ~93 per tonne. A year ago their production update had all in cash cost at 68.4 per tonne. Assuming management cut more costs between Oct 15 and administration, assume the Administrator aggressively yanked more cost out that's probably closer to a 300 p/a EBITDA business IMO.