breakout, page-24

AGO needs more ore, if it is to be "the emerging Pilbara powerhouse." Otherwise it will be overtaken by others, including BRM.

AGO have nade it clear they want to be producing from the South Pilbara, (Warwick), by 2014.

A quote.............

In the last six years we've done 39 acquisitions," David Flanagan told the Diggers and Dealers mining conference in Western Australia, referring to the company's massive build-up of prospective ground in the Pilbara iron belt.

"I think it's safe to say we're going to be doing more. If something comes along which represents a real win-win opportunity...we will jump (at it)."


The potential "win-win" sticks out like the proverbial canine anatomy, but will he jump?
Dynasty, DMA, will probably announce later this month, a resource of a billion tonnes plus! Their channel iron deposit is not that far from AGO's small CID province. AGO needs economies of scale to justify transport costs in the South. A hub at Praire Downs, with DMA's other deposits, and AGO's bits feeding into it, could be one option.
And, after yesterdays announcement, DMA have an offtake partner that could be an immediate offtake partner for Atlas. 3 million tonne per annum at $50 per tonne profit, $150mill. DMA have a market cap under $20mill. Is this a win/win, or am I the "no-brainer"?

Sure, DMA need it too! And I would like it. My opinions, DYOR.