AGO 0.00% 4.5¢ atlas iron limited

I haven't looked at AGO in years so not entirely up to date with...

  1. 504 Posts.
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    I haven't looked at AGO in years so not entirely up to date with the story but from what I gather is that there is a shit load more shares on issue but simply put....

    ~2012
    MC: $1.5B
    Debt: $0
    Iron Ore Price: ~$120+

    ~2017
    MC: $350M
    Debt: $110M
    Iron Ore Price: ~$80+

    what am I missing?
 
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Currently unlisted public company.

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