"Worlds largest untapped Iron deposit at over 60% FE, FMG given exclusive study rights and not price sensitive? Ok then."
Yep, rules are there to be bent or broken, assuming the one doing the breaking is in the cool group...
Having said that, for me the amber light is definitely on with FMG trying to get going in africa. The corruption and instability there isnt the faint-hearted. If it was Twiggy pushing it personally, then Id have more faith, but he's not the trailblazing CEO of the old days, he seems to be more the semi-retired visionary money-man now.
**on seems to be one of the better countries in sub sahara, with a historically good resource sector, it might work out for the best.
Ann: Exclusivity Period to Study the Belinga Iron Ore Project, page-24
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