the optimism of commenters on this stock blows me away. you guys know this is a magnetite project? magnetite processing needs lots of water. Myponie point is a long ways from site. Enviro approvals needed from 2 states. Karara and Sino were disasters for a long time after construction. Gindalbie wrote down their entire >$600m investment in Karara before it hit nameplate. and it still doesnt make the promised grade. FMG are trying to figure out how to get both nameplate and grade from fine magnetite in a much more favourable jurisdiction and it will take them years.
the optimism of commenters on this stock blows me away. you guys...
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