FMG 3.09% $17.34 fortescue ltd

Ann: March Quarterly Production Report, page-53

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    Investor Call transcript:
    https://www.fmgl.com.au/docs/default-source/announcements/invest-161a43a7b8f3b4582bdc855fd4831ea26.pdf?sfvrsn=70b7bb63_6


    • Diesel costs to raise next Q unfortunately.
    • Port stocks in China decreased from 160 to 147, small indication of good demand.
    • Lots of COVID at IB, welcome to the new world. Still on track.
    • **on discovery hasn't started yet.
    • Mid-west discovery in full swing


    They asked my questions about why less WBF, Seems we're just using the higher grade Eliwana to increase sales of Fortescue Blend, rather than WBF. I'm guessing that means our customers want more of our 58% fe product biggrin.png

    https://hotcopper.com.au/data/attachments/4300/4300030-f15839a580cbae64fe22acfc8e2f7702.jpg
 
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