All in opinion:
Mini major Atlas
AGO 2011 (Was)
MC of 4 billion+ (Shareprice @ $4 per share)
AGO produced just 4.6mil tonnes
Had 375 million in cash and no debt.
Had C1 cash costs in range of A$40 - A$43 per tonne (FOB)
Had a good history of aggressive drilling in Australia.
Joined S&P/ASX100 list in March 2011.
AGO 2018+
Current MC of 230 million? What! You can't be serious!
Right now, AGO deserves to have a MC of over 1 billion + (Share price @ 12-20 cents per share) that's for sure. 230 million is completely undervalued and ridiculous.
So many options and income streams......
AGO to produce up to 10-12 million tonnes, more than half Lump.
C1 cash costs in range of A$34 - A$36/wmt per tonne (FOB), Full cash costs A$53-56/wmt.
Aussie dollar expected to fall against US. IO in early LT trend up. Profits will increase.
Hedging in place to protect exposure to IO volatility.
NO debt soon as cash builds and debt is squashed.
JV with PLS materialising along with income flow. $$$$$
Upside when Mt Fransisco drilling commences.
More lithium drilling potential on AGO 100% owned tenements e.g Pancho. Alot of potential upside in this space which could slingshot the SP beyond expectations.
100,000mt of Manganese lump product will bring in further diversified income.
Ridley High grade IO JV potential and strategically close to port.
Gold exploration potential?
Existing infrastructure in place among market leaders.
AGO is a clever, diversified miner. A mini major. It has many options on the table to grow and diversify. AGO utilising existing infrastructure and potentially tapping into its vast tenements into the future with soon to be no debt.
Wow, wow and ....wow.
The market has fallen asleep at the wheel with Atlas as it's building fundamental upside. Zzzzzzzzzzzzzz.
230 mil MC. Lol Mr Market.
How about you times AGO by 5 then it's a fair MC......
AGO could very well be the best investment of 2018-2019!
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