Could the low price be because of issues such as these being reported?
Mining: Struggling Atlas Iron has warned it will have to write off the majority of its reserve base as it finally and formally recognised the challenges in developing two of its biggest deposits.
The Perth-based miner is unlikely to report any reserves at its McPhee Creek or Davidson Creek Hub deposits when it completes its latest ore reserves statement over the coming weeks.
AGO Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
