AGO - Atlas Iron

[KIWIKARLOS]

I think the iron ore spec is driving up prices but at the end of the day its the potential producers who can and will be up and mining within the next couple years that will be the winners. Thats why i like AGO they have DSO and magnetite right smack bang in the middle of pilbara near existing infrastructure. Not trying to ramp but realistically its these short term potential producers that will be getting the attention from larger players eg. MMX, BHP and RIO.

 

[adobee]

I have held AGO for about six months (I actually thought I had sold it off when the market dropped but I realised I hadnt when I got the AGM notice) this has been a quiet producer no huge announcements and increases but nice small increases bringing it to a substanial profit for me..

I bought AGO with the intention of getting into a miner who will come into production in the near future and attract attention..

 

[KIWIKARLOS]

Yeah I got in a few days ago at 2.20 and already on nice profit. I too was looking for near future producers with DSO. When I saw the mention of AGO in regards to the current takeover by Murchinson I couldn't resist. I can't see the current trend reversing anytime soon. Especially with the expected announcements due to keep rolling in.

 

[dogwithflees1983]

The West Australian had AGO as a speculative buy in today's paper. At $2.50 its hardly a what i would consider a speccy buy, more like a sure thing!

 

[Sean K]

The West Australian had AGO as a speculative buy in today's paper. At $2.50 its hardly a what i would consider a speccy buy, more like a sure thing!

Doggie, please expand on why stocks are 'sure things' in the future. Ramp otherwise. See ASF posting policies for more guidance. Thanks, kennas

 

[dogwithflees1983]

mate that comment was a bit tongue in check, apologise if you took it as ramping! I am well aware of the AFS rules, cheers.

 

[wipz]

I agree with you dogwithflees, this stock is a solid performer, hardly what i'd consider to be a specky buy. Going from strength to strength as more brokers start to cover this gem. They commence mining oct 08 and will be a major player by 2012. Killing myself didnt get in at earlier.

 

[michael_selway]

I think the iron ore spec is driving up prices but at the end of the day its the potential producers who can and will be up and mining within the next couple years that will be the winners. Thats why i like AGO they have DSO and magnetite right smack bang in the middle of pilbara near existing infrastructure. Not trying to ramp but realistically its these short term potential producers that will be getting the attention from larger players eg. MMX, BHP and RIO.

Is it true that AGO only has a 4.5 yr mine life?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -13.9 10.3 19.4 --
DPS 0.0 0.0 0.0 --

Pardoo has a JORC Resource of 10.5mt @ 57.1% Fe. Scoping study figures for Pardoo DSO indicate robust economics from a 4.5 year mine life with operating margins up to $21/tonne and significant room for expansion based on current prices. Located adjacent to road infrastructure and close (75km) to port facilities. No offtake agreements announced at present.

http://www.atlasiron.com.au/reports/rr071009.pdf

thx

MS

 

[Ken]

Their audio presentation on BRR.com.au is the best piece of propaganda ever.

It is really inspiring. They have done a great job of selling the story.

Management deserves massive pats on the back.


For what AGO have they have perfected the sale of the company after the smart money is in.

Its a great story.

Worth a listen and asking yourself..

They told me they were the real deal 12 months ago....

 

[wipz]

Is it true that AGO only has a 4.5 yr mine life?

This is true for a BASE CASE for the Pardoo site, which is 10mt. However it is stated in that same research paper that 25mt @ 55% fe may be present, which would boost mine life to over double, so we are talking 9-10 years. Note that these values are non-JORC and we all look forward to further testing to consolidate size and grades to determine the true mine life. I believe that what they are trying to say is 4.5yrs is the worst case senario.

However that is not where AGO's value is at. Its at its Ridleys Magnetite JORC compliant 853mt @ 37.2% fe which has a 25 yr mine life.

Cheers

 

[Sean K]

mate that comment was a bit tongue in check, apologise if you took it as ramping! I am well aware of the AFS rules, cheers.

Thanks dwf. Perhaps put a smilie with a wink as well next time so I don't get confused. thanks,

 

[michael_selway]

This is true for a BASE CASE for the Pardoo site, which is 10mt. However it is stated in that same research paper that 25mt @ 55% fe may be present, which would boost mine life to over double, so we are talking 9-10 years. Note that these values are non-JORC and we all look forward to further testing to consolidate size and grades to determine the true mine life. I believe that what they are trying to say is 4.5yrs is the worst case senario.

However that is not where AGO's value is at. Its at its Ridleys Magnetite JORC compliant 853mt @ 37.2% fe which has a 25 yr mine life.

Cheers

Oh ic what you mean, also maybe even a merger with FMG?

"Ridleys Magnetite JORC resource of 853mt @ 37% Fe. 100% owned by AGO with no offtake or joint venture partner. Scoping study indicates robust economics and long mine life. Pre-feasibility studies have commenced with results due in mid-2008.

MoU with FMG to supply port facilities and railway access infrastructure on
commencement of mining for both Abydos (Rail and Port facilities) and Pardoo
(Port facilities only)"

thx

MS

 

[adobee]

The West Australian had AGO as a speculative buy in today's paper. At $2.50 its hardly a what i would consider a speccy buy, more like a sure thing!

Well trading around $2.30 today as sure as my pick in the Melb cup..
anyway seems to do well for a while when ever mentioned in the media..

 

[habs]

so what do others think of this stock....
1 million tonnes starting oct next year, ramping up to 3 mill the year after, then when abydos comes on up to 6 million by say 2010, then the 10mill/year magnatite ridley resource...

if iron ore prices go up again, 25%, there are some significant amounts of money to be made per tonne..(not that there arent already!) of 25-30$ a tonne i believe... but i dont know... i still see this stock as hugely undervalued... maybe that will change when they start producing next october... even at 2-3$ a share, this thing could be much higher in 2-3 years time... they are doing a hell of alot better than many other iron ore companys atm in terms of getting things into production.

 

[adobee]

Atlas in a trading halt ... Which could be good considering the market will probably take a hit today..

I wonder what is coming, I noticed Merryl Lynch sold some of there stake last week but only a small portion..
Hopefully some good news..

 

[sam76]

Atlas in a trading halt ... Which could be good considering the market will probably take a hit today..

I wonder what is coming, I noticed Merryl Lynch sold some of there stake last week but only a small portion..
Hopefully some good news..

Atlas Iron trading halt; to release resource upgrade
09:22, Monday, November 12, 2007

(taken from NAB online trading)

 

[michael_selway]

Atlas Iron trading halt; to release resource upgrade
09:22, Monday, November 12, 2007

(taken from NAB online trading)

Hi not bad

PARDOO DSO RESOURCE INCREASED BY 36% FROM 10.5 TO 14.3MT
NEW DSO DRILLING RESULTS HIGHLIGHT RESOURCE POTENTIAL AT RACHAEL
NEW DSO DRILLING RESULTS HIGHLIGHT RESOURCE POTENTIAL ON OLIVIA TREND
TOTAL DSO RESOURCES - ALL PROJECTS NOW AT 23MT

thx

MS

 

[adobee]

The West Australian had AGO as a speculative buy in today's paper. At $2.50 its hardly a what i would consider a speccy buy, more like a sure thing!

Good call now trading at $2.06

not so much of a sure thing at the moment especially if you bought at $2.50 the journalist who wrote the article should be fired !

 

[adobee]

Good movement in AGO at around 10% increase today after dropping for the past couple of weeks.. hope to see some sort of upward trend coming back..

 

[dogwithflees1983]

"Good call now trading at $2.06"

"not so much of a sure thing at the moment especially if you bought at $2.50 the journalist who wrote the article should be fired !"

Abdoee i hope u were joking !!

AGO was trading well below its potential at $2 mark. With the increase expected in iron ore prices over the next 6-12mnths i can only see bigger & brighter things for AGO shareholders.