AGO 0.00% 4.5¢ atlas iron limited

AGO owns royalty over AJMs production which could generate circa...

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    AGO owns royalty over AJMs production which could generate circa $8M a year. Based on their expected production of lithium end of this year.

    Cash inflow of $8M as a royalty prorate over 2018 calendar year.

    PLS is high risk. They have bonds of 12 percent for $100M.

    Mt Webber has 5 years mine life at 8-10M tonnes vs 6 years at 7-8M tonnes.

    If they can achieve a margin of $5aud we
    can still expect $40M-50M a year of cash inflows.

    PLS still needs to pay AGO for JV in cash or shares.

    Only thing to look out for is bulk commodities investments or buyback. $13M is 1B shares atm.

    Get a buyback going the in ground assets will always be there. After options expire.
 
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Currently unlisted public company.

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