Arrium's cap raising is to ensure it places itself in a better...

Arrium's cap raising is to ensure it places itself in a better position for the current times. I see 62% IFE ore as a component of their cost cutting strategy. If you note their presentation states their ore will be down to 58.5% Fe in near term. All up I see this as the best news TRF/IFE has had for a while. I do believe ARI will buy the 62% ore from IFE, even if the profit is not huge for IFE we will be in production and ready to earn when the market turns.