atlas to benefit from an increase in iron ore, page-15

Well said Lonhro, may I also add:-

- 5 Years ago there were shipping 4 shiploads a year, now they are shipping 4 shiploads every 10 days
- Massive demand from customers
- Demand from China, but also Japan and Indonesia
- Prepayment now similar to that in the Boom-Times of 2007
- Offered $300,000,000.00 in prepayments and Off-take is 10 times overbid
- Iron Ore outlook is good, cost curve support $120-$140
-David Hunt (who some gives advice to analysts), says AGO will be soon be targeting $1.36.
- Mt Webber to add another 3 Million Tonnes this year, up to 6 million Tonnes in stage 2
- Australian Dollar possibly to go to US$0.80 this year
- US Economy on the Rise with GDP above 4%, China above 7.5%
- 60 per cent of Atlas production is contracted for the 2014 calendar year, with further contracts for up to an additional 20 per cent of production nearing completion and the remaining production to be retained for sale into the spot market.
- Outstanding drill results show Corunna Downs is emerging as a major new North Pilbara iron ore province, 100-150Mt at 55-58% Fe for the first 8km drill tested, of 80km of prospective stratigraphy

Just a few reasons why AGO is heading into a great 2014!

Happy and prosperous New Year to all AGO investors.