AGO 0.00% 4.5¢ atlas iron limited

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  1. 1,104 Posts.
    Harpo, Welcome aboard. AGO and LGL are fine stocks. Just to add to the re-assurance on AGO, here's what Smart Investor has to say on AGO:

    Smart Investor 1/11/07
    HEADLINE: Atlas Iron
    AUTHOR: None
    Atlas Iron's (ASX code AGO) plan to bust the duopoly of BHP Billiton and Rio Tinto in the Pilbara iron
    ore sector has been upset by the Environmental Protection Agency's ruling that held up production from
    the company's Pardoo mine by six months, leaving the way open for Fortescue Metals much larger operation.
    Pardoo is 75 kilometres from Port Hedland, with easy access to shipping. Despite this Atlas will be one
    of the few junior Australian iron ore companies generating cash flow. Atlas' planned projects include the
    Abydos operation, south of Pardoo, and - longer-term - the Ridley magnetite operation. Atlas' market
    capitalisation is $386.4 million, while its 52-week low was 45c and 52-week high $2.05. Hartley's analyst
    Andrew Muir recently revalued Atlas to a range of $2.13 to $3 a share, founded on the Ridley's
    potential.
    © Media
 
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Currently unlisted public company.

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