Hi Riversheep, according to the Bull as previously posted...

Hi Riversheep, according to the Bull as previously posted :

Production is 10 million tonnes a year and it has net cash of $140 million. The company is generating $25 million a month in operational cash flow. On its current cost structure, AGO can generate cash down to an iron ore price of A$83 a tonne. The circumstances for negotiating access to Fortescue Metals Group’s, or an independent’s rail and port have improved materially in the past six months. We expect a positive outcome here to trigger a re-rating. as a "buy" on AGO with the following comments -