FMG 1.20% $21.41 fortescue ltd

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  1. 5,760 Posts.
    lightbulb Created with Sketch. 111
    this is just here say MM,but nonetheless, very reliable info. fmg have inferior grade ore-that"s why the spot price is always discounted greatly,as they know they have no choice,but to take a low price.
    as far as contract price goes-i don"t think so,otherwise twiggy wouldn"t have lost his spot in the top 10 of aussie"s richest.
    at least he still claims to be a great philanthropist-with over 2 billion in the bank,what a hollow statement that is.
    cheers crazypunter
 
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