fmg forcast $8.33 p/s

I cut this from todays "Resource Capitals Research " recommendations ...

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For BC Iron ((BCI)) the group notes the 1.5 million tonnes per annum Nullagine project could be producing by the middle of next year, while the company's recent capital raising should help BC Iron fund its share of development costs as part of its joint venture with Fortescue Metals ((FMG)).

With respect to Fortescue, the group notes after shipping 27.3 million tonnes of ore in FY09 the group's target is 50 million tonnes per annum by the second half of 2010 at an operating cost of around US$20 per tonne. Assuming further increases to output lift production to more than 155 million tonnes per annum in coming years, the group sees upside to as much as $8.33 per share.

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makes $392 look real mouth watering..........?????

$392 (todays close )
x 2 (ie; 100%)
---
$784 (total )
---
And change...............49c

$784
+ 49
----
=$8.33
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------- bye bye bye.........lol