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4.5¢ atlas iron limited

Ann: MIN: Redstone's proposal to acquire Atlas Iron, page-31

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Bones322

41 Posts.

135

18/06/18

22:37

Post #: 33782412
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Originally posted by groundhog2 ↑

I have noted that BONES first appeared on the ATLAS thread about a week ago on the 11/6/18. Has he ridden the Atlas journey with the rest of us longer term holders? I also am wondering why Bones needed to state he was an accounting student?

Using Richies analogy/ formula posted below I request Bones to tell us what he thinks each tonne of our iron ore is worth using the prices he quoted (remembering this is not taking into account the sum of the rest of our commodities or other assets). I would then like to see some opinions around Ridley, Lithium, Copper etc. I look forward to his response.

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Richie2013

1,899 Posts.
100[/BCOLOR]
Date:
18/06/18
Time:
17:30:22
Post #:
33777842

[/BCOLOR]

If you're looking at the MC @ 4.2 cents ($390 M), divided by the number of Tonnes available in the ground (1,144,500,000 T), this equates to about 34 cents/Tonne. Still very cheap by all accounts.
DO YOUR OWN RESEARCH

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go ask an expert! im not your financial advisory!

yes i am a student and FYI ive been a holder since 2015. never claimed to be long term as you believe.

do your own maths!
AGO Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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