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01/11/07
12:26
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Harpo, Welcome aboard. AGO and LGL are fine stocks. Just to add to the re-assurance on AGO, here's what Smart Investor has to say on AGO:
Smart Investor 1/11/07
HEADLINE: Atlas Iron
AUTHOR: None
Atlas Iron's (ASX code AGO) plan to bust the duopoly of BHP Billiton and Rio Tinto in the Pilbara iron
ore sector has been upset by the Environmental Protection Agency's ruling that held up production from
the company's Pardoo mine by six months, leaving the way open for Fortescue Metals much larger operation.
Pardoo is 75 kilometres from Port Hedland, with easy access to shipping. Despite this Atlas will be one
of the few junior Australian iron ore companies generating cash flow. Atlas' planned projects include the
Abydos operation, south of Pardoo, and - longer-term - the Ridley magnetite operation. Atlas' market
capitalisation is $386.4 million, while its 52-week low was 45c and 52-week high $2.05. Hartley's analyst
Andrew Muir recently revalued Atlas to a range of $2.13 to $3 a share, founded on the Ridley's
potential.
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