corunna downs, page-10

This is what the MD says it means "”The Corunna area is a potential game-changer for Atlas. It has the scope to provide grade, scale, low impurities levels and be delivered by road to Port Hedland or assist in providing the critical mass of tonnes required for future infrastructure solutions.”

If this is potentially only 10% of the target strike length then it could represent a 100% increase in resources over time (current resources are around 1,000 mt). I reckon it has the potential to justify the independent rail development that would also service Mt Weber and McPhee Creek.

Should see a nice bounce this morning along with the market. The clincher for future moves will be whether it can set a new high on this run above $1.235 and close above it. We will see.

Lohnro: I don't like speculating on takeovers but you would think that an undervalued company in the same vicinity as a larger operator like FMG would start to look attractive when the potential resourse gets this large.

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