FMG 0.45% $22.10 fortescue ltd

buddy, page-26

  1. 3,781 Posts.
    lightbulb Created with Sketch. 331
    Yeah. FMG have relatively low grades, not shipping yet, still to prove mining methods actually work, haven't finished their railways, tonnes of debt and they have an MC 1/10th of BHP. No Escondida, no Ravensthorpe, no MT Keith, no oil/

    That is ridiculous. Anyone holding is holding due to hope of making profit not hope that they will be profitable surely.

    Even if all their dreams do come true they won't turn a profit for 5 years.

 
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