about to go for a run, page-2

Southern Cross's Charlie Aitken has published a big spread on FMG today in a very positive note. He finishes his report on FMG with:

" Our 12 month price target on FMG remains $6.00, yet as the market over the next few years gets more confidence about FMG's production ramp up and the sustainability of iron ore prices (and therefore FMG's cashflows and profits), you will see share price above $10.00.

We see FMG as the most leveraged large cap play on the continued outperformance of the Chinese economy and remain of the view that you must be heavily overweight Australian bulk commodity exporters in AUD (.92.00usc this morning).

Domestic investors, who have mostley missed participating in the first $13.6 billion of value created by FMG, need to ask themselves if they want to miss out on the next $20 billion of value created for shareholders?
FMG, remains a buy and on top of our multi-factor ranking screen."