Forget the company and look at the macro trends Most large iron...

Forget the company and look at the macro trends

Most large iron ore producers can produce at sub $40 cash cost.
Demand for iron is slowing in the wake of China's unprecedented infrastructure boom.
Plenty of supply of hematite iron ore to fill demand.

Atlas filled a void when iron ore was in short supply, now some one needs to take this mutt outside and finish it as it time is done. Corunna downs is more of the same, look at atlas peers mgx and bci, there hardly producing large amounts of iron ore.