looks like the weak have left, page-12

interesting article on FMG in the Australian today. Talked about their critics who felt their ore was of a lower grade and counternanced that by arguing that the chinese basically don't care and just need to get their hands on iron ore. FMG pointed out that their ore is actually of superior quailty to 50% of the ore BHP and RIO sold last year. Interesting in the context of hematite v magnetite in that GBG's end product will be far superior to any of these companies anyway, sell for more and they have one of China's largest steel companies as joint venture partner and offtake customer. That aside, the article spells out that, at least at the moment, quality isn't really the issue anyway. Article was primarily on the fact that Australian investors have missed out on the FMG story due to their risk aversive nature. FMG only has about 3% of local shareholders, if you discount management, and of course Andrew Forrest.