FMS 1.8billion shares,actual estimated yield 648 million,last spot price i noted was $113 still there is more just no proof,the Pilbara will be the cost effective solution
if rail can handle it.
as for all the talk about winding down,yes those mines that are only marginally profitable are closing down or reducing
production makes sense to me.
FMS with rail will be an excellent low cost producer given the high probability of rising fuel and energy costs
fortescue puts high price on rail access, page-15
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