That could well scare the Chinese which would be a good thing. We'll start selling green steel to he world and the Europeans would buy it up over dirty Chinese steel. No one really likes China these days and trying to bypass them where possible.
Another company in QLD looking to make green steel along with the South Koreans. Should push the iron ore price up even higher.
All looking rather good for massive profits and dividends into the future.
Then go add selling green hydrogen to the world and here comes the next big thing. We saw Tesla shares take off to very high heights and the same could well happen with FMG.
Give it another 10 years and FMG will be well over $100 a share and another 20 years over $1000 a share. More will opt for hydrogen cars over electric cars longer term.
FMG Price at posting:
$23.55 Sentiment: Buy Disclosure: Held
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