Company on track to produce 10 Mtpa by June 2013 and 12 Mtpa by December 2013. Cash Operating costs (FOB)$46 - $50 As predicted iron ore prices will be average $120 minimum, I believe it will be around $150. Company has no debt. $423 Million cash on hands @ 31 Dec. 2012. Started paying dividend of 3 Cents.
What else you want from a resource company? Why this stock is down ramped? I believe When asx is reaching 4900, This stock is one of the most undervalued stock on ASX.
AGO Price at posting:
$1.54 Sentiment: Buy Disclosure: Held