FMG 1.62% $21.32 fortescue ltd

Ann: Comment on Warrie v State of Western Australia decision, page-35

  1. 912 Posts.
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    I think you need to get some perspective on the actual numbers. The peak was $25 million over 5 years or $6.25 mil a year. Subtract the $1.25 million of management fees going to some white lawyers and there is only $5 mil left. Divide it by A population of 1,500 and you get $3,300 per person per year before taxes.

    If they are currently getting $2.1mil that is only $1.25 after the admin costs then there is only $566 per person per year. In a region where it cost me $28 for a packet of a3 paper I can't imagine they would get very much with their royalties from argyle.

    I don't imagine the winners of the FMG case will do too well either. It isn't like they split the profit. Just throw then a few hundred dollars a year and recoup a large portion of the cost by making them commit to contracts they can't make money on because they never get the training to price the job properly (let alone do the job).

    As fMg said, there will be no financial impact. Next topic
 
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