Good words. But don't forget AGO and our management expect a deal on Mt Webber by the end of the June 2013 quarter. So that's only 7 or 8 weeks away. I have a feeling that we will not be selling Mt Webber and any capital costs we need to make will be paid by proceeds of the income derived from AJM's Mt Webber share. So a percentage of that will go straight to AGO to pay for capital costs IMHO. For me this is the best outcome long term, especially as it is likely that AGO will get access to a railway for their horizon one projects (either FMG's line or a new one build). So lower production costs long term.
Don't forget we are a coal producer - a big step. Tabalong will come, timing uncertain. Start up capital is only $10 million for Tabalong and remember we are debt free!
We have a lot more to be excited about then the share price suggests!
AJM Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
