AGO atlas iron limited
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  1. catabear
    81 Posts.
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    06/02/13
    09:43
    Post #: 11383342
    ATLAS IRON (AGO); upgraded their reserve base by +21% which was an impressive headline result. Drill down into the numbers and you find the reserves are lower grade and further from infrastructure which will put upward pressure on cost of production going forward. AGO still requires further resource conversion to meet its 12mtpa production target beyond CY15. We think the stock still remains cheap at current levels ($1.565)

    Source mymarketview.com.au

    AGO Price at posting: $1.57 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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