AGO 0.00% 4.5¢ atlas iron limited

Ann: Appendix 3B-AGO.AX, page-32

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  1. 10,824 Posts.
    Wodgina is still held by GM. AGO only bought the iron ore rights. We seem to have gone from the it easy to find iron ore in the Pilbara to it being easy to find Lithium. Its rapidly heading towards "bag of rusty nails being" an iron ore deposit, with people spruiking lithium mica as being a potential source when extractive / processing costs would be so high you wouldn't make a bean doing it (sounds a bit like magnetite ?)

    What did you say yesterday to get a TOU for "speculation" mustpow ? I haven't seen anything sensible or factual here for a long time. The constant repetition of Atlas's production costs, hedge position, and profit margin are pure flights of fancy and quite contrary to reality.
 
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