AGO atlas iron limited
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buy recommendation., page-23

  1. redrockgeo
    10,824 Posts.
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    07/06/13
    14:48
    Post #: 11861462
    I'd happily bet against long term iron ore price of anything north of $110 for 62% Fe.

    That makes AGO marginal at best. Means FMG will never pay off debt, and they admit it by trying to sell off their infrastructure.

    And it makes AGO an 80 cent share not a $1.50 share. Those days are behind you. Low grade all the way from now on from what I can see.

    AGO Price at posting: 78.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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