FMG 0.65% $18.56 fortescue ltd

Ann: Expansion from 155MTPA expansion Project , page-6

  1. 510 Posts.

    Southern Cross has a target of $12 - $18 over 3 years .

    That was before todays announcement to bring forward production by 12 months.

    In addition to this Rio have announced that there production time frames are blowing out.

    So i figure sell Rio buy Fortescue and i think the Fund Managers may too.
 
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