If 65% grade magnetite gets to and stays at $US100 per tonne...

If 65% grade magnetite gets to and stays at $US100 per tonne (today's exchange rate $AUD136), then we might be in the money.
Only trouble is our debt of $US1.481b is $AUD2.014b due to the falling AUD dollar.

But there must be problems at KML. Don't know whether it is maintenance or trains but the last 4 ships have taken the following hours between ships arriving and departing- 136.5, 74.5, 100 and 112.5 hrs. It only takes 24 hours to load a ship and the limiting factor of the trains is 2.11 days to fill a ship. This tardy shipping started early April 2018.
No explanation from KML as to why - not unusual for us mushrooms - kept in the dark and fed .....
At times when the price f iron ore is going KML's way, one would expect that they would get them out a lot faster.
Hopefully it is not due to incompetence!