AGO 0.00% 4.5¢ atlas iron limited

Ann: Half Year Accounts, page-99

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  1. 339 Posts.
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    So they are washing their ore. Its the only choice they have as beneficiation plant costs money.
    At the end of the day its still low grade ore with less impurities.
    Will not lessen the exposure to a market discounting low grade ore.
    AGO will probably get penalised for high moisture content.
    Low grade ore is low grade ore. You cannot put lipstick on it and call it something it is not.
 
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