This was my post from 09/09/23 (see below)....but note there's a...

This was my post from 09/09/23 (see below)....but note there's a few other additions not included in this analysis.

* There's the Liebherr/Fortescue partnership and what the split will be.

* There's the Elysia Battery Intelligence Solution and what the margins are going to be on that.

* There's the Electrolysers that they are now selling out of Gladstone facility.

* There's also the Fortesce Zero solutions that they are selling. What are the margins going to be on those?

Waiting on Fortescue Energy financials breakdown.

Hope that helps.

Ok we have an approximate breakdown...

Energy projects

50-60% project (debt) financed.

Non-recourse to FMG.

With FMG looking to sell down 50-75% of their equity, which means they will hold on to 25-50% of their equity in the project.

Internal rate of return

Metal projects - 20%+

Energy projects - 15%+/-

The biggie is going to be what they acquire projects per megawatt for.

In the transcript call below they highlighted that they're actually aquiring projects for $5000 per megawatt and then add value at say $200,000 per megawatt and that's even before a massive premium, that's a very impressive uplift in value - by 40 times!

Now go back and look at how big these potential projects are and that's only for the first five this year.

It all comes down to scale and this is what Fortescue are aiming to achieve.

https://cdn.fortescue.com/docs/default-source/announcements-and-reports/investor-and-analyst-call-transcript-(fy21-full-year-results)0675ba7a31fe4f31b1e9670c3dd9ec84.pdf?sfvrsn=508bf5cf_1

Tony