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4.5¢ atlas iron limited

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kadaj

659 Posts.

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18/04/17

21:10

Post #: 24125745
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Originally posted by Hingdog ↑

Essentially what you're suggesting is for AGO to change from a mining company to a speculative exploration company. You're dead right, they have little idea what they will find, could be nothing at all, or at least nothing economic. Not to mention the cost of developing that resource into an operating mine including processing plant and what not ... and once they got it to production(if they ever did) any profit has to be shared between over 9B shares. I'll stick to explorers with a few hundred million shares thanks, or something like PLS that has already proven it's resource and is well on the way to production. Atlas is an iron ore miner, it has the resources and transport already sorted, the lithium is a side play for them once they get their new mine up and running and production back up to 15Mt or so.

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What was the lithium deal? 2% royalties from gross sales or 20% share of income and expenses right?

Was there a pds or dfs done to ascertain annual production volumes and its gross annual sales from spodumene

AGO Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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