AGO 0.00% 4.5¢ atlas iron limited

The importance of Trump's inauguration speech, page-18

  1. 3,260 Posts.
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    Dont know where you got the concept simple from your explanation sounds quite hard.

    Atlas

    Will be lucky to get debt free before the price of iron ore changes
    Have a dwindling 2nd tier iron ore resource
    Will need to spend more money defining and developing their resource
    Are a high cost producer
    Produce very little ore in terms of the market
    Have a highly fragmented and disolutioned Sh base thanks to previous managements incompetence

    As to getting a new hermatite ore project in oz for cheap who isn't looking for that
    Lithium is pie in the sky stuff and not something atlas know anything about.

    Atlas was a great business model when iron ore was 100 plus as they could cut their own niche market, however at $55-60 a tonne it's a slow painful death.......
 
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