AGO 0.00% 4.5¢ atlas iron limited

Ann: Financial Update, page-140

  1. 339 Posts.
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    Doable?
    Not under the current AGO business model.
    The litany of distance and utilising only road transport to operate a distant low grade IO mine is doing nothing but inhibiting operational effectiveness.

    They literally cannot squeeze anymore savings out of this business model.

    The next massive step change AGO has to implement is transporting ore efficiently.
    If MIN can get their BOTS system across the line then that may well be the step change that will allow AGO to survive.
 
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Currently unlisted public company.

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