Quick comparison, FMG is worth almost $9 billion.
The ASX has good reason to prohibit talk of mineral value in the ground and crack down on forward looking financial statement without foundation – they can be are misleading. But FAS has not released feasibility study results, costs, strategy or addressed the low iron recovery (one of the few things that have been communicated).
In light of the above, is FAS likely to exceed FMG by a billion dollars?
Not for Lease, page-22
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