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4.5¢ atlas iron limited

Ahh hoggy the good old days - the December 2016 quarter. I...

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choCWolf

1,027 Posts.

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10/07/18

18:04

Post #: 34259094
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Originally posted by groundhog2 ↑

You answered the big question right in the middle of your sermon from the mount. Go back and rewatch the Atlas Rising Resources Stars video that was on our website last year. Atlas has a very rich tenement portfolio. Your question of haulage and crushing will depend on how long both those contracts have to run.....and under what circumstances if any that they can be replaced. Perhaps you can enlighten us on the haulage and crushing issues rather then continually telling us about iron ore discounts. Those costs are very significant to the profitability of Atlas. Those pricing discounts weren't there recently when Atlas made $56m profit in the one quarter (31/12/16). These discounts may or may not be permanent. From memory RCMAN indicated that the gap is closing. This is a quote from the ATLAS Quarterly Production report 31 December 2016 reproduced below.
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"ATLAS QUARTERLY PRODUCTION REPORT - 31 DECEMBER 2016

"Net operating cashflow of A$56M after interest, contractor profit share and realised hedge impact 
4.0M WMT shipped in the December 2016 Quarter (Sept 2016 Qtr: 4.1M WMT) 
Average realised price (inclusive of low-grade Value Fines product and realised hedge impacts) of A$66/WMT CFR (Sept 2016 Qtr: A$54/WMT CFR) 
C1 Operating Costs of A$34/WMT FOB (Sept 2016 Qtr: A$34/WMT FOB) 
Full Cash Costs of A$55/WMT CFR (Sept 2016 Qtr: A$50/WMT CFR) following increase in freight rates and other revenue-based payments 
A$54M of debt repaid in January 2017, reducing Term Loan B debt to A$118M after foreign exchange impact (30 Sept 2016: A$177M), in addition to A$19M of interest & principal repaid during the December 2016 Quarter 
Cash on hand at 31 December 2016 of A$134M pre the A$54M debt repayment (30 Sept 2016: A$95M)" 
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Do Your Own Research.

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Ahh hoggy the good old days - the December 2016 quarter. I remember even better days around 2008 and 2011.
Now post Atlas' figures for the subsequent 5 quarters including tonnes shipped, net cash cost/ tonne and net income?

AGO Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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