what debt does GRR have to minus from the equation? current...

what debt does GRR have to minus from the equation? current market cap is below cash at bank balance, we are still making profit even at these ore prices, people and analysts forget that grr sells high grade ore pellets not fmg style low quality ore. so on a comparison our costs maybe up in the $80's but this doesn't ever get factored in so the market takes a hit due to assuming we are at a loss per ton in excess of $15
cant say that about the rest of the small low quality or miners however the whole sector is a blood bath, and the rest of the energy stocks are joining the pool.