AGO the Bargain Purchase, page-5

I couldn't imagine that Twiggy is after anything that AGO have apart from Ridley (large high fe proven deposit) as they have already stated they have a strategy to increase their iron content and their sell price. I'm not sure they would look to a company like AGO to start diversification away from IO with some hope for the future but limited proven deposits unless Twiggy knows something we don't.

If Ridley is the prize I hope that the AGO board are smart enough to do a rail deal for our 58% IO which should lead to good profits going forward for Atlas. Having a profitable minor Ore player with a volume limited to 10 to 12mtpa isn't going to upset the balance of trade for the big guys.

Win - Win