Fair Value For FMG, page-26

FMG is a bagger from here to be sure, given time. Considering the Chinese zodiac year of the metal ox you'd be mistaken for thinking that China is losing face with their output restrictions... But it is a year for long term investments. No doubt they have the power to effect a retail sell down and stop losses, with instructions to mills and ports, and is it possible that whoever is buying might be connected to those with the deciding power? Who knows. Just speculating. But yes, in years from now people will surely think $20 a bit too cheap I'd say. Hindsight I guess.