AGO 0.00% 4.5¢ atlas iron limited

I would buy more but I don't invest all my eggs in one basket...

  1. 6,063 Posts.
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    I would buy more but I don't invest all my eggs in one basket anymore. But everyday it goes lower I get more tempted. Compare AGO to RSG one in IO and one in gold. Go back two years for RSG they were in the 20 cents.

    But you are right debt is currently less than $50AUD I suspect. AGO is high profit operation at $55USD IO price. AUD price will be over $70.

    This will reduce interest to $3-5M on production which will help in the down turn.

    The down turn itself will reduce new supply from other juniors. BCI were right saying any new prjects should be only funded on very low production costs.

    Production costs fall away with IO price back down naturely. Profit share down.
 
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