The people at Atlas are nobodys fools .
Atlas have already found 42 million tons of Iron ore at MT WEBBER,and they havnt finished drilling there yet.
Do you think they will be happy giving a third of this away
MT WEBBER was only the first of the 6 tenements that belong to AJM that ATLAS have drilling rights., so their is a strong possibilty that their will be multi times more to come.
14 million tones claw back
14 million @120 dollars = 1 .7 billion gross say 50% profit over 800million bucks .
ATLAS on their past acquisitions have offered 1 to 3 , might cost them just over 100 million ,they would be miles in front and with the other 5 tenements not even mentioned it would have to be a no brainer for a take over /merger,just look what happened to AXO when AGO made a play for them.
just thinking, page-3
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