Just a reminder of Richies posts re the real and potential assets of Atlas.
Richie2013
Date:
25/04/18
Time:
14:44:56
Post #:
32675662
Look the grade in the table, is this Magnetite? 1.14BT, averaging around 56%, which min is offering AGO for the Iron Ore:-
280M/1.14B = 27 cents / Tonne.
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Richie2013
Date:
25/04/18
Time:
12:03:18
Post #:
32673835
The "Pallative care" that he mentioned was to demean AGO and make it sound bad. Not only that, he went on to demean the shareholders too, saying that we "Bitch and Whinge".
This comes from the CEO of MIN, the same CEO that then offered $280M for AGO, when he knows clearly that this wouldn't even pay for the 46MT Port allocation, or the $500M Tax loss credits, or the Lithium Tenements at Poncho, or the 1 Billion Tonnes of Iron Ore, or the Ridley Magnetite mine which could produce 15 MT/Y at 68.3% FE for 30 Years, and it is only 75 KM East of Port Hedland Port. So the whole bid is undervalued to the absolute maximum, and it is totally ridiculous. Vote NO!
As always DO YOUR OWN RESEARCH
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