No way ARI will be kept under 30c for long. ARI iron ore mining...

No way ARI will be kept under 30c for long.


ARI iron ore mining break even point is US$49.8/t IO62%. Even at current spot of US$62/t, Ari 9Mt, can generate $116m EBITDA. Should generate positive cash flow after capex.
If spot recovers to US$80/t, mining will generate $299m EBITDA.

Plus

Consumables, steel & recycling, generating EBITDA of approx. $336m - $356m p.a

Overall, ARI can generate EBITDA between $452m - $655m p.a.

Break even calculation:
$70.2 x (1-20%) cost reduction x 0.78 AUD / 0.88 (quality adjustment to spot price) = US$49.8/ton