Ann: Media Release FY18 Results, page-10

The way I see the report

the earlier production of 60% product is good, but at a cost of overall production and total ore reserve maybe.. or i may have seen somewhere in the 149 page report

Once Eliwana comes online everything will boom...

62% payout of NPAT for dividend...

Once NPAT improves we would expect a big fat dividend!

and come next few months, iron bridge would certainly be announced....

" Exploration
Fortescue holds the largest tenement
portfolio in the Pilbara. Details of the
Company’s reserves and resources are
summarised in the Ore Reserves and Minerals
Resources Report on pages 35 to 42 of this
report. Exploration activity in FY18 included
the discovery of several iron ore deposits
along the southern and western margins of
the Jeerinah Anticline in the western portion
of the Hamersley Group. The Western Hub
Resources include signifcant amounts of
high iron content bedded iron ore hosted
in both the Brockman and Marra Mamba
Formations adding high iron content, dry,
low cost tonnes to Fortescue’s product suite
and providing optionality and flexibility
moving forward "

"A revised Life Of Mine (LOM) plan
that addresses the listed items and
incorporates the latest information on
long term product strategy (introduction
of 60% Fe product). "

Anyway Slowly FMG will be a 60% low impurities producer rather than 58%......

DYOR
Happy Investing..
Collect the dividend.. Work on other things for another FY Year and the Fleas on this dog would be gone... and we will all be laughing to the Iron Bank!