They lease UTAH. How can you tender it out?
Ridley not viable. Have to move 65% waste to 35% ore per ton. No money for plant etc etc.
Africa will be online soon with 62%+ ore which will further inhibit the economics of magnetite type projects.
The waffle about diversification is nonsense. They have 2 one off crush and transport deals. And they cannot afford to mobilise those deals as MIN is lending them $4m in a hand shake deal FFS.
Dead man walking.
Atlas are on the ropes and they know it and the top end of town know it as they are piling coin into Atlas for a free ride to MIN
If MIN gets rejected then it will be sub 1 cent and a fire sale come years end. Madness.
Ann: Chairman's letter - Scheme of Arrangement, page-47
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)