AGO
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0.00% 4.5¢ atlas iron limited

Atlas don't sell 62% product. My guess is they would get around...

  1. Travvo88
    624 Posts.
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    11/11/16
    01:15
    Post #: 20534399
    Atlas don't sell 62% product. My guess is they would get around 70-72 Aud/t at current prices. Then there is the profit share arrangement with contractors. Right now the margin is probably 15-20$/t (Sold at spot price only). I'm going to tip 40 mill profit for December quarter. This would still be a great outcome for a company with AGO's MC. If iron ore price is sustained then AGO price will rocket. Hoping to crack 2c tomorrow
    AGO Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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