Gindaldan, Rome was not built in a day... AGO will get there now that they are producing. I do agree that AGO needs to develop Ridley with a Chinese partner. There is demand for magnetite and its AGOs wild card imo. Why does FMG also want a Magnetite reserve??
If BHP does not take care of business, one day it will come back to bite. Took FMG litte over 5yrs to set up, and now has potential to play with the big boys. Its all about survival... It may be possible in 20yrs time FMG may T/O BHP (I have seen weird things happen in this crazy world)..
There is a market for varying qualities of Fe Ore. Obviously at different prices... AGOs ORE will find its market, with a little backing from Chinese AGO should survive to be a threat. Its the will of AGO to be the 4th largest Fe miner in AUS is reason why i have bought AGO shares....
AGO Price at posting:
66.0¢ Sentiment: None Disclosure: Held
