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AGO atlas iron limited

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339 Posts.

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25/04/18

14:20

Post #: 32675374
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Originally posted by groundhog2 ↑

its also important to bear out Richie that our Iron Ore Resource and Reserves of over 1 billion tonnes (at a shipment rate of 20mt pa) equates to mine lives of 50 years. Also Iron Ore is a finite resource. Does anyone know the size and undiscovered iron ore reserves in the Pilbra. I imagine most would have been discovered during the last boom. That even makes our iron ore even more valuable in my opinion. DYOR

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Oh please.
Tell the punters 99% of that resource is magnetite which wont see the light of day for another 20+ years as the cost is prohibitive.
West Africa has higher grade and a resource greater in size than the Pilbara.
It will be the next Pilbara.

AGO Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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dividends and share buyback, page-9

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