Ann: Resource Increased To 0.5 Billion Tonnes , page-25

Eye

I am not knocking your enthusiasm, but there is a good analysis of AGO, below, which really highlights issues of, quality, location, capex, cost of production etc. I am a keen shareholder of AGO/AXO, but this analysis has certainly made me more aware of the issues. FWL is certainly not high grade, has high capex & cost of production, not that well located, (not so significant with MPI, and has a long way to go!

Its worth a read. If MPI is that great, why isn't AGO doing it at Ridley?

http://www.sendspace.com/file/tc9rp7