Brief Update Note
Stock: Atlas Iron Limited (AGO $3.55)
Valuation: $5.25 (Previously $3.51)
Market Cap (Full. Dil.): $1016.7m ($1191.0m)
Issued Capital (Full. Dil.): 286.4m shares (335.5m)
Cash (as at 31 March 2008): $160m est.
Date: 11 June 2008
Resources Analyst: Andrew Muir
hartleys valuation now 5.05, page-8
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