FMG 0.37% $18.94 fortescue ltd

Ann: June Quarterly Production Report, page-13

  1. 748 Posts.
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    This is a great report (as expected) - good to hear they exceeded the shipment targets.

    Now we await the full year report and dividend news!

    One question (not sure if anyone knows the answer) - what value are we getting for our exploration dollars? They spent $116m US in FY20, estimating $140m US in FY21 - and I may have missed it but I don't recall a resource upgrade (and certainly no new finds) in over 12 months.

    I know we're not a penny dreadful explorer, but it would be nice to understand the results of this spend (maybe I have missed it in annual reports or half-yearlys as I get too excited about juicy dividends).
 
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