buy as much as you can at these levels

AGO at these levels is as cheap as you are going to see it. Currently Market Cap. $700M. Last year they had operating cashflows of $200M, there should be more this year, but that is 3.5x operating cashflows. If we assume that they will produce 7M MT with a Iron price of $100+, with AUD = 90 cents. That is a margin of $25+. Even if AGO does not get railway access and its horizon 2 assets going, there is enough cashflow to move the company. On 200M cashflow you can easily pay a Div. of 10 cents. This is a share that you put away for 10 years. BUY BUY BUY