Baosteel-Aurizon acquisition of Aquila highlighted the potential value in Atlas’s suite of undeveloped iron ore deposits. Atlas’s $600m market capitalisation appeared to reflect only its existing production base of 12 million tonnes a year and ignored the potential of the company to take advantage of the additional 31 million tonnes of port capacity allocated to it at Port Hedland.

THE successful $1.4 billion takeover of Aquila Resources by China’s Baosteel and Australia’s Aurizon should serve as a reminder of the upside in Atlas Iron’s Pilbara asset base, Atlas managing director Ken Brinsden says.

creep.......creep.....creep

creep.....creep......

The mining, aviation and energy sectors are set to be the big winners from the Coalition’s election victory?? Will Abbott promise to abolish the carbon and mining taxes??

With a 3ct dividend after Ex date, stock is holding up well.
"The overcapacity that everybody was so worried about is turning out to be moot because 2013 is shaping up as a record year for steel demand,”according to the chief analyst at Mysteel Research (300226), the Shanghai-based company that provides data to the National Development and Reform Commission.

""Chinese prices for rare earths have firmed over the past couple of months due to a crackdown on illegal rare earth production by Chinese authorities. A spokesman for Baotou Steel Rare Earth (SSE:600010), China’s largest REE producer, said in a conference call that the crackdown, combined with an increase in downstream demand, should improve rare earth prices in the second half of the year.""

Watch the volume!!!..........a good sign.....

Watch LYNAS.........sell if u DARE!!!