Iron ore price, page-3848

I mentioned this here: https://hotcopper.com.au/threads/start-paying-off-the-usd-term-loan.3613884/#post-26574192

Cash on hand $101m then pay down $40m debt = $61m cash (includes $20m in reserve fund)
+$20m generated for the quarter, so cash now up to $81m
Debt has been reduced from $99m to $A59m (if AUD hits .7950)

So at the end of the quarter we could be sitting on $81m cash & $59m debt

The above would be the ideal scenario. Use the current high AUD to advantage & pay off debt. Moody's would upgrade AGO's credit rating again & the share price would easily rocket to 3-4c
Now that Coruna Downs has been put on ice, there's no reason why this wont happen (unless IO crashes back to $60 which looks highly unlikely in the short term).