57% is useless my friends. I am long AGO and hurting, doesn't mean I have to sing praises to 57% Fe though, since reality does not change whether you are long or short, maybe people here need to start realising this.
Just about everyone else have higher grade ore with rail access from mine to port: RIO, BHP, Vale, FMG, BCI, you name it. I struggle to assign any value to a low grade asset without any access to port, not even a haulage road.
redrockgeo you are spot on, might as well drill on the moon, probably got higher grade gold/silver/diamond/iron ore there, problem is getting the stuff where it is needed!
AGO Price at posting:
80.5¢ Sentiment: LT Buy Disclosure: Held