I like AGO, however I have concerns with their resource, a lot of land but not much Fe. I'm worried they might only find dirt on their large land holding in the Pilbara. Also another issue is port capacity. AGO have a lot of planned production, but how will they ship it?
Despite my concerns I still believe a $5 share price by the commencement of production is on the cards. The recent downward movement in AGO is nothing more than profit taking. Happens to all stocks, espicially after a 100% gain run (unless your MAK and ramp on phosphate, lol).
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