FMG 0.64% $18.99 fortescue ltd

Piggy still missing, So random unimportant facts.FMG has a 72%...

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    https://hotcopper.com.au/data/attachments/5035/5035514-7eadff9e025c2929997f28fa343edd12.jpgPiggy still missing, tongue.png

    So random unimportant facts.
    • FMG has a 72% interest in the project, financing 80% i assume
    • Previously rights were owned by China MEC, lapsed, BHP nearly had a go
    • High C1 costs to start with, until more automation is in place, I assume
    • Long term may include hydroelectric dams to power the site (and produce H2) Full project cost around $3billion including rail
    • Serious environmental concerns ( Belinga iron ore deposit is situated right within **on's Ivindo National Park, a rainforest home to forest elephants, western lowland gorillas and chimpanzees.)
    • Sailing to China:
    1. Port Hedland: 12 days
    2. **on: 36 days
    3. Brazil: 44 days
    • Estimated at 30mt per annum once fully running.
    • Medium to high grade: Probably in the 400mt range
    https://hotcopper.com.au/data/attachments/5035/5035549-79896f7b2f5e2ae371e5ee7d93f0da0b.jpg
    Last edited by jb206: 08/02/23
 
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