what no one wants to talk about, page-24

Remember RC - we have over 1 Billion in iron ore reserves . At a run rate of 20mt per annum that's a 50 year mine life. Those tenements and iron ore deposits are the assets of us shareholders. That further adds to my alarm over the low ball offer. Atlas as we stand have Mt Webber fully operational and producing - we are well on the way with Corunna Downs (the Reserve Account) and then there is McPhee Creek. Are we going to just hand them over. I say NO. DYOR