The quote below is copied from the Facebook website, could these numbers be possible?
"Just had another look at the last published 6 months financials. If Whyalla could break even the Steel EBITDA would be an annualised $174 mill and should their volumes increase by 5% as stated in the 6 monthly this would be an extra $50 mill on top of that so we have an estimate of $224 for Steel. Mining should be making at least $10 per ton given the increase in the iron ore price and reduction of previous contracts. Mine 9 million tons and you have $90 million. Total so far = $314 million. Mining consumables 1st half $109 million so annualised $218 million = total $532 million. If you add another $50 mill P.A. for the improved iron ore grades in the future we have a company in administration with a forward EBITDA of $582 million P.A. with an interest bill of only $100 mill P.A. That's my best guesstimate."
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