BRM 0.00% $2.53 brockman resources limited

From Atlas MD today.Things are looking up for Atlas with the...

  1. 68 Posts.
    From Atlas MD today.

    Things are looking up for Atlas with the ship loader expected to move back online tonight.
    Mr Flanagan said he understood there had been speculation over the value of Atlas' port infrastructure.
    A Pilbara iron ore miner constrained by port infrastructure could generate about $5 billion a year in free cash if it had access to Atlas' port capacity, Mr Flanagan said.
    "Atlas' current market cap is a very small fraction of that," he said.
    "That's where people see the sweet spot in our business."
    Atlas Chief commercial officer mark Hancock forecast a "slighter softer" first quarter for iron ore.
    with Peter Ker


    Read more: http://www.smh.com.au/business/atlas-chief-says-no-plan-for-sale-20120125-1qgj0.html#ixzz1kRGiLG63
 
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