AGO 0.00% 4.5¢ atlas iron limited

21st Nov 2008, page-3

  1. 1,166 Posts.
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    Iron ore price up nearly a $1...

    ROY Hill view (in my mind)

    12Mt (AGO current production) *$10 (saving through rail/port) * 6 years = $720M
    Development cost - spur c$250M
    value $480M
    plus
    + option on Mcphee/ Miralga and others
    + additional port allocation etc
    + whatever value can be attributed to AGO's current operation (without rail) - most brokers >$450-$550M

    DYOR

    I
 
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Currently unlisted public company.

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