Not the end of year yet -So being Blunt -You can Do Your Own...

Not the end of year yet -So being Blunt -You can Do Your Own Research as I have.

for near enough current market price use

http://www.barchart.com/futures/commodities/ITI

for easy averages last 30 days

http://www.vale.com/EN/business/mining/iron-ore-pellets/Pages/Iron-Ore-Indices.aspx

$US47.50 x.87 = $US41.33 - $US10 shipping
=nett $US31.33 with targeted loaded cost in US$ of $25
=nett $42.90 AU with targeted loaded cost of AU$35

At loaded costs target of $35AU a ton that still leaves $7.90 cash surplus on every ton sold.
The last QTR they achieved $Au34.70 a ton,I would expect an even lesser figure going forward.
With further cost reductions via contractors off hiring plant from 1st Oct at MBR - use google search
With less than a month to go and higher prices than the last 30 day average had for over the month before
- not doing badly for mining CASH FLOW so far for 5 of the 6 months for the first half?

DYOR+DYODD The desire to sell Moly-Cop must be waning with each positive dollar of incoming cash to ARI along with ARI no longer just being happy with raw steel being a small positive cash generator for the funds invested with a slow steady shift downwards in costs (steady restructuring and redundancies paid yearly by incoming cash flow).
However ARI needs to keep the FREE CASH FLOW coming via MOLY-COP free of potential calls from elsewhere to meet debt schedules ahead by bringing costs down aggressively,which appears to be happening.
To do that it needs finished steel to bring home some Bacon,which it shows increasing signs of doing.