News: Atlas Iron buys new Pilbara project , page-5

  1. 807 Posts.
    Seems like another steal and the way the announcement reads is that GDA approached us knowing that they didnt have the capital to get this project going. Good synergies for us and more tonnes to get us to that critical mass for rail. If you look at the map in the ann, they are basically filling in the gaps, leading to yet another large project. Fe mining is all about scale!

    Seems like GDA holders arnt all that pleased, i wonder why we are paying incramentally can easily afford to pay for it all up front
 
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