Sorry to drag this thread back to its original theme, but on the...

Sorry to drag this thread back to its original theme, but on the subject of CTM as a potential take-over target for AGO (and DF has already said as much), there are a couple of interesting articles on this CTM thread:

http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1571065&msgno=7264622#7264622

There's an Ord Minnet valuation of CTM (which refers to Atlas as a cornerstone shareholder) and also a good piece from minesite.com drawing parallels between the growth histories of both CTM and AGO.

Their FE grades in the ground look a bit dodgy (around 28%) but they reckon magnetic separation can "easily" (= "cheaply", hopefully, in both CAPEX and OPEX terms) get the saleable product up above 65% Fe.

I trust DF's judgement so I've taken a holding in CTM.