This is great news.
We all know about the future pipeline for FFI which is really exciting, but the future pipeline of activities for FMG in their core activities once Iron Bridge is brought online in 2022, seemed to drop off a bit. If they can review this and use the learnings that we have out of Iron Bridge, both in terms of capital requirements and if they have a similar C1 cost profile to Iron Bridge, around US$30, then this could be a seriously major expansion for FMG.
Some of the mines owned by SinoSteel but currently hanging in stasis are seriously big.
Ann: Fortescue and Sinosteel Memorandum of Understanding, page-34
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$21.92 |
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