FMS steps to Production, page-167

Agree with you Spec, but any borrowing to anybody,business, corperation or the like has to have up too date and current cash flow projections, value of stock on hand, (in the broadest sense), profitability, pay back time, commercial interest rate, etc, the list goes on. The iron ore price has changed dramatically over the last 12 months, up and down, so the latest commercial information has to be given to the lender, (same as if you borrow money from the bank to buy a house). I agree the pig seems to be wallowing in the trough but that's the way it works an we have to wear it ?