From AGO release today:
. Strong acceptance of Atlas product during FY2012
• Broad base of Chinese mills with some term contracts
• Deep market permits regular spot sales to supplement
contracts
• Substantial demand from new customers
• Market move away from Quarterly pricing in October 2011
• Seven low grade (~54% Fe) product shipments (incl. April
2012) completed opportunistically YTD of FY2012
• Investigating sale opportunities outside of China with
testwork underway
Atlas DSO Resources – 30 June 2012
Note:
Pardoo, Wodgina, McCamey’s North and Warrawanda resources quoted at >53% Fe cut-off grade.
Mt Webber, Abydos, Mt Dove, McPhee Creek, Newman, Midwest, West Pilbara resources quoted at >50% Fe cut-off grade.
CaFe% is calcined Fe calculated by Atlas using the following formula (Fe%/(100-LOI%))*100.
If they are exporting down to ~54% Fe then this must stand BCI in good stead to do the same. They are also banking some fairly low grade stuff according to the above, in addition to their "P" numbers being between 0.4 and .18 which is rather high in comparison to BCI grades.
Hope BCI will release their Diggers & Dealers presentation today - might win them something, inlcuding some publicity?
From AGO release today:. Strong acceptance of Atlas product...
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