All-in cash cost will be reduced to A$57/t. We need US$44/t...

All-in cash cost will be reduced to A$57/t.
We need US$44/t (A$57/t *.778), realized sale price to break even.
Their iron ore was receiving around 88% as one of the analyst mentioned.
They will process high grade ore after re-design. So we could expect to receive 90% of the spot price 62%. At current spot US$63/t, ARI realized price would be US$63 * 90% = US$56.7/t

ARI profit margin: (S$56.7/t - US$44/t) / 0.778 (AUD) = A$16/ton
Mining @9Mt, profit margin: A$16/t * 9 Mt = A$144m