AGO 0.00% 4.5¢ atlas iron limited

ago eyes third takeover, page-34

  1. 189 Posts.
    NOSE obviously you are to busy ro read the newspapers,

    From The AUSTRALIAN, adding freight costs would take the "landed" cost of iron ore from Brazil to China to $US129.19 a tonne. "The landed cost from Australia would be cheaper at $US115.13, representing a substantial advantage for Rio Tinto and BHP Billiton," the specialist shipping news agency wrote ( DYOR).

    As for the future of ATLAS being in the E/Pilbara i presume you mean the old WRK tenements ,you would have to be exremely stupid or incredible naive(in your case both) if you think BHP will roll over on its rail line and give space to both ago/frs/brm ,they are cranking up not giving space away on their line.

    ATLAS may end up with a billion ton of ore ,along with BRM 2 Billion tons,but untill the NWIOA with a little help from CHINA builds its own rail line it will just remain a big hole in the ground for years and years to come.

    NOSE i have done my research and i have put my money were my mouth is , not just jumped ship from AXO like some.
 
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