Well they have USD270M of debt so sort of nullifies there cash...

Well they have USD270M of debt so sort of nullifies there cash position & some & also nullifies the lower Aussie dollar to some extent.
So as at Sep 2014 they had A$348M of debt at the current exchange rate including the A$14M drawn of their A$ facility. It will be interesting to note in the Q4 report how much more debt has been drawn down.

They are making operating cash at these levels of around A$10/ton however that doesn't cover their capex spend or interest costs for 2015 let alone repay any debt.