AGO 0.00% 4.5¢ atlas iron limited

River, Your all confused.AGO was never going to build rail all...

  1. 221 Posts.
    River,

    Your all confused.

    AGO was never going to build rail all by itself.

    What has been suggested was Aurizon build it with others miners having a minority stake.

    What was banded about was a cost of $4 billion with it being a 70:30 debt to equity ratio and a 20 per cent stake for Atlas, the iron ore miner would need to fund 20 per cent of the $1.2 billion equity component, or $240 million.

    link: http://au.news.yahoo.com/thewest/business/a/-/wa/13523367/atlas-iron-poised-to-strike-line-deal/
 
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