Ann: Atlas approves development of Corunna Downs, page-8

Ok, let's check on my previous notes from months back and in opinion:

1. AGO will report on 60-80 mil profit last quarter. SP will go to 4-5c
(Close: Tick )
2. By March 2017 they will have 0 debt with increasing cash. SP will be 7c - 10c (which is 1$ per share equivalent before all this negative dilution and near death happened in 2015 - early 2016) (In progress...As IO maintains its trend, it's still possible to be debt free by end of March, early April. I still stand by my forecast)
3. By June 2017 they would have progressed the Corrana expansion (with its profits) while exploring diversification potential of Lithium.
(BIG tick in the making...This has exceeded my expectations as they just approved the development, with Term Loan B amendments to use operating cash flow to fund Coranna project. Lithium upside is certainly there also for AGO and needs to be explored further this year with that cash Atlas generates ;-) )
4. Atlas being cashed up later this year has JV potential with other miners in the IO space or outside the IO space such as Lithium. Atlas would still be eyeing Centaurus Metals no doubt which has IO and Gold potential.
5. With cash rolling in, Atlas will have more options to look into regarding more efficient transport options to cut costs further. I'm sure management have not forgotten this as it's crucial Atlas keeps costs low not far off market leaders and should strive for this always.

Well done Atlas and well done to holders.