" The grass might not be greener on the other side of one particular fence in Australia, but the iron ore is certainly more valuable. For proof of this somewhat convoluted metaphor, just take a look at how the stock market is treating two corporate neighbours with assets atop Mt Webber in Australia's Pilbara iron ore province. Atlas Iron and Giralia Resources have their feet on different halves of the same flat-topped hill, but that's about where equality ends, because a recent stockbroker valuation of Atlas's half was A$317.6 million, which is not much less than the A$342 million you might pay for all of Giralia, which comes complete with a long list of other very promising iron ore assets. From an investment perspective this is an astonishing valuation gap which either means the stockbroker's estimate of the Atlas half of Mt Webber is hopelessly over-valued, or that Giralia is hopelessly under-valued ".
From a Minesite article i posted on GIR thread "bots are biting" , might be off some interest.
AGO Price at posting:
$2.23 Sentiment: None Disclosure: Not Held
