FMG 3.09% $17.34 fortescue ltd

Ann: Iron Bridge Project Update, page-11

  1. 1,402 Posts.
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    Fortescue's share is 69%. Couldn't see whether the 22mtpa was the total mine output or Fortescue 69% share. However ore processing facility is 22mtpa so must assume that is the total mine output.

    I find this a bit misleading as anybody reading just the headline would assume it was all FMG instead of the figure that matters being only 15.2mtpa.

    Most miners would quote 22mtpa (FMG share 69%).

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