the link as...

the link as follows;

http://www.bloomberg.com/news/2012-04-18/atlas-iron-speculation-grows-with-australia-port-needs-real-m-a.html


It is all about infrastructure!

Then you have the following gem from Adrian Prendergast, an analyst at EL&C Baillieu ;

“The amount of capital required to build that is quite intensive versus acquiring a smaller producer with a large allocation such as Atlas,” said Prendergast, who estimates the company could fetch A$3.70 a share from BHP or Fortescue in a takeover".


Lets all be thankful that Adrian is an "analyst", otherwise someone of lesser experience may have quoted "$3.00" as a fetching price.

Seriously where do these peanuts pluck these numbers from????

Port access alone is worth $3.70+, let alone the iron ore in the ground + plant & equipment.