Sell or Stop Loss Making Business, page-8

Do you know for a fact that they are running at a cash loss? Until they release their quarterly mining report later this month it is hard for anyone on the outside to ascertain that with any degree of certainty.

Last couple of weeks they railed their first parcel of ore out of Iron Knob. Part of their cost cutting program included accessing the 'lower' cost ores from Iron Knob sooner.

The one positive with Arrium is they seem to execute projects well. The Whyalla port expansion, Iron Knob up and running etc.

The $million question is can they at least get to a cash neutral position within their mining business? If so then their other segments will likely keep them ticking along ok.

Do all of you honestly believe IO spot will remain under $50 per tonne in the medium to long term? So much speculative trading these days in commodity markets, so it's hard to predict at least short term. If FMG closed one of their mines now that would be useful!