is it a take over target or something ?, page-4

Forgive me as I can't remember , from who I copied this from on this forum many months ago but I will paste it in & it shows how much of a no brainer ( apart from those bloody Black Swans !! ) Atlas is.
Especially as they say steel production should rise 7% over the next year & the IO 62% Spot Price is currently at $175USD

http://www.bloomberg.com/apps/quote?ticker=TSIPIO62:IND#chart



Here are some technical thoughts

AGO is saying they are making around the $100 per tonnes profit after production cost.

They will be producing & shipping by the end of next year 12 million tonnes at least. ( This is without the FRS takeover )

12 millions tonnes x $100 gives us $1.2 billion profit after production cost

Give us a PE of say 6 (very conservative) and we have a $8 BILLION COMPANY.

divide that by the 800 million shares ( not including FRS )

And we get $10 per share.

Iron ore price should stay strong according to the analysts for the next few years to come.

The MRRT Tax would change things if it gets through , as would European & US debt though I doubt the central banks will allow this .

If my figures are wrong then am glad to be corrected.