AUD$ 57-58 is consistent with $120m SI spread across 10mt
so back to companies running less $12 a ton gives a $45-46 a ton cost gives around $33.12US or $25US plus say $8US shipping.
So at current prices $38.90x .87 =$33.83 received.
So still cash generating at $700k a million tons,if only just towards SI shutdown costs..
With Less than 6 months to go on SI contracts run-out i.e. $60m.
As an aside how many wagons on the MBR trains now?
regards,
fitnfam
ARI Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
