Dont know where you got the concept simple from your explanation sounds quite hard.
Atlas
Will be lucky to get debt free before the price of iron ore changes
Have a dwindling 2nd tier iron ore resource
Will need to spend more money defining and developing their resource
Are a high cost producer
Produce very little ore in terms of the market
Have a highly fragmented and disolutioned Sh base thanks to previous managements incompetence
As to getting a new hermatite ore project in oz for cheap who isn't looking for that
Lithium is pie in the sky stuff and not something atlas know anything about.
Atlas was a great business model when iron ore was 100 plus as they could cut their own niche market, however at $55-60 a tonne it's a slow painful death.......
AGO Price at posting:
4.8¢ Sentiment: Sell Disclosure: Not Held