thoughts on a DOCA, page-40

If Molyop gets sold for A$2 Billion, there is no reason the big 4 Australian Banks can't refinance the remaining A$800 million owed by paying the other lenders out and taking over the loans.

Arrium Australia would then owe A$800 million to the big 4 Australian Banks;

and:

With Tariffs in place and profits protected from dumped Chinese Steel for the next 4 years;
The $49 million loan to lift the Iron Ore Content up to 60 - 62% content,
South Australian Government chipping in A$50 million for Whyalla (and maybe more from the Federal Government)
No tax payable for the next 5 years due to the A$2 Billion of tax losses;

they would stand a good chance of getting it all repaid over 5 to 7 years: