turn off your screen and walk away, page-3

Lets face it, with trucks AGO is a 12MTA capped producer with a high cash cost. With rail, it will be a 46MTA at very competitive cost.

It's all good. Dave Flanagan said he is very confident of a rail deal and that Atlas has never been in a better position to secure 3rd party rail access. (aka Done Deal)

Well we know the Aurizon arrangement expired and that FMG is the only guys AGO is talking to. (ask FMG rail)

Following the decision to develop Mt Webber (using cash on hand) and if a rail deal with FMG (a huge rerisking or value-unlocking event) is one that doesn't require an up front payment that would have a substantial impact the cash position, then the SP should rocket as the market also digests the reality that IO spot price will stay around that $110-$120 (AUD at $US 0.9) as opposed to sub $80 (AUD at $US 1.1), the Big IO producers are all finding excuses to curtail expansion.