Just doing a few sums and trying to predict what AGO will be making this quarter, according to the prices for 58% Fe that RCMAN has shown (US$122 = AU$135), and if AGO produce 2.4 MT this 1/4, and their costs are around $80/T, then their profit should be
2.4 Million x $55 = $132 Million
Even if the costs were $90/T they would still make $108 Million, not too bad for a company who's share price is only $1.15.
"atlas is takeover target", page-14
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