AGO
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0.00% 4.5¢ atlas iron limited

With 62% Iron ore Price at USD 98.50, AGO are receiving USD...

  1. rumbai12
    327 Posts.
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    20/05/14
    10:28
    Post #: 13388376
    With 62% Iron ore Price at USD 98.50, AGO are receiving USD $85/MT.

    AGO C3 or all in costs are $90 USD, not $75 when you factor in D & A, Repayment of Debt and new projects.

    Should we see a sharp recovery in IO price, shorters will be covering ASAP>

    I think majority of downside has been factored in.

    Look to buy on any further weakness.
    AGO Price at posting: 73.7¢ Sentiment: LT Buy Disclosure: Not Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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