Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

Hell of a post Matt I hope you guys do not end up with the...

First 2 Last

Share
Profile

Follow
Beardy

2,445 Posts.

45

04/02/15

12:35

Post #: 14695863
Share

Originally posted by Matt747 ↑

Judging by the WA government very modest 2015 average IO price of $US 75 (who owns the resource and previously threatened BHP and RIO with royalty hike, the latter smartly abruptly canned the massive and highly anticiptaed SilverGrass IO mine development - both BHP/RIO despite jaw boning about organic 2015 production growth are instead almost certain to hold if NOT outright curtail IO production - just as China with depleted inventory starts restocking on high volume and ramp up imports for the massive $US 1.1 trillion 2015-2016 infrastructure stimulus) and another RBA rate cut (already flagged by Hockey yesterday) to around $US0.73, then AGO could easily be making $200M EBITA this calendar year at 13.5 MTA

The $US75 WA governemnt forecast would be conservative given we are staring at an imminent regime change of the GREENS and LABOR back in power and RSPT MKII not far away.

Expand

Hell of a post Matt
I hope you guys do not end up with the Greens in control, as it will back to the stone age. They are just wreckers without solutions but so good at blaming.
AGO and FMG have really cut the fat from their organization and there is reason for confidence not only in IO but also base metals, and last but not least engineering

AGO Price at posting: 19.7¢ Sentiment: Hold Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

As Nvidia cools, we're looking to Aussie AI

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

There are more pages in this discussion • 3 more messages in this thread...

First 2 Last

Add AGO (ASX) to my watchlist