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Stocks to Buy Atlas Iron (AGO)10th Dec 2010

Atlas Iron (AGO) is an emerging iron ore producer and explorer. With a growing number of high quality iron ore projects and one of the largest landholdings in the lucrative Pilbara region, AGO is now one of the area?s largest iron ore producers.

The company?s significant projects include the Pardoo operation, the Ridley project and the Mt Webber Direct Shipping Ore (DSO) project, in the Pilbara region.

Following the commencement of mining at Wodgina in June 2010, AGO is on target to ramp up iron ore exports from 1 million tonnes per annum (Mtpa) to 6Mtpa during the December 2010 quarter.

AGO is on target to achieve its growth target of exporting at a rate 12 Mtpa by the end of 2012.

Iron ore roar

As an iron ore explorer/producer, AGO is well placed to benefit from continued strength for the iron ore market.

Chinese demand has been driving up the price of iron ore over the past few years and prices have gone wild.............continues........