FMG can take 200 million tones of 58%fe and turn it into 200 million tonnes of 68% fe.
It will cost them an initial outlay of $125 million to start the process.
Just think
200 million tonnes x $100 per tonne = $20 billion.
But they have so much tenements they can go for 300 or 500 million tonnes.
That's where the game will change and they will be number one.
FMG can take 200 million tones of 58%fe and turn it into 200...
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