Madmarket - the difference is that BHP and RIO have prooved they can and do produce and export iron smoothly and consistantly.FMG have not.
As much as anything this is a logistics operation.Have they got shipping for 3 months time.Some say no( I dont know but no-one will reassure me)
Lot of structure goes into big organizations.FMG outlook on remaining flexible sounds imppressive but does it work?
Cant see why not But I am not sure.
Few runs on the board would be good.
Good luck.
fmg, page-20
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