No Shortage of IO in the ground for AGO. Only issue is getting it to port. With the BHP RIO marriage you can expect the Govt to insist rail lines are opened up for 3rd party access. Also BHP RIO will have to concede some of their ancient State Agreements away as the rules of play have shifted. If the defunct State Agreements get released, watch out! That will add about 50 MT to the Pardoo operations alone as their is a BHP SA slam bang in the centre of AGO ground that is choker with IO. Great time to be in the IO business for AGO and smaller players.
AGO Price at posting:
$1.80 Sentiment: LT Buy Disclosure: Held
