Hi Accaeric,
In the 19/11/2014 AMG Chairman's Address
"Those that have been with us for a while know we run a conservative balance sheet and have brought forward scheduled debt repayments. As I noted in my Chairman’s Report in the 2014 Annual Report, over the 12 months of that financial year, we reduced debt from more than $100 million to approximately $50 million as at 30 June 2014. Next month we will reduce that by a further US$15 million. Our cash position was further enhanced by the acquisition of Iron Ore Holdings. "
If they could do that then now the debt should get down to $35M rather than $50M. We might have to wait the end Jan to get the quarterly report.
If BCI apply the WA discount on the royalties, it could help to save a bit on cost as well. They could use that to reduce debt.
iron price, page-58
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