Maybe you should have had a crack at taking over Atlas? Seems a few holders on HC held the same bullish view. Maybe you could have tipped in and pulled together 5%. Get a listed shell, approach a couple of cornerstone investors to back you and your new management team for a takeover. I'm sure if the business metrics were/are as good as you say then getting the financial backing would not be a problem.
By the way, US$76/t is for 62%Fe. Atlas cops a discount of anywhere between 15% and 20% for their 58%Fe. You will also need to factor exchange rates, etc... Leave you to do the math, maybe your A$100Mpa is conservative!
Ann: September 2018 Quarterly Activities Report, page-5
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