I am happy to wait out for this. Atlas is the only credible and solid stocks out of the Pilbara juniors now that it will produce. FMG to me has too much debt...
I think they should sell the Magetite project for $400milllion? I mean CFE got $400million with their crapy ore so why can't AGO get the same
I tihnk AGO should then acquire other Haematite based advanced explorers while the market is down...this would be a great long term growth play.
Even if there is a fall in this year's contract ore price AGO small niche production will still be very profitable
I believe AGO has reached its low...unless the Dow tanks 1000+ points overnight due to more dodgy bank practices disclosure
AGO Price at posting:
92.0¢ Sentiment: LT Buy Disclosure: Held