Letter to AWU National Secretary, page-52

The figure of $2b would be correct immediately following the receipt of funds from Moly-Cop sale. If you look at the report to creditors dated 26 Oct 2016, para 4.1.4, you can arrive at a cash on hand figure of $272m at that date. The company has been cash flow positive since then, so the figure would be now be higher, assuming no debt was paid off. So if the remaining business sells for over $2b, there should be money left over for shareholders.

http://kordamentha.com/docs/default-source/au_164_arrium/164_creditors/report-to-creditors