PUBLISHED : 02 May 2011 07:09:23 | UPDATED: 02 May 2011
Atlas ready to grab more Acquisitions Atlas Iron chief executive David Flanagan has raised the possibility of further acquisitions following the company�s recent $828 million takeover of Pilbara iron ore neighbour Giralia.
"Atlas has completed a pre-feasibility study for a proposed 3Mtpa DSO operation at Abydos, with Trigg as the first deposit to be mined. In early 2009 Atlas made the decision to promote Wodgina ahead of Abydos in the production schedule, simply because of Wodgina's low capital costs resulting from the Talison infrastructure sharing agreement, and Abydos remains a key to the company's expansion plans. The Company's current estimate of total target potential for Abydos Project is in the range 30 - 40 Mt."
Wouldn't take much for AGO to swallow up DMA. They already have a JV (free carried), with the Abydos Project.
E.
DMA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
