China changing iron ore inspection policy, page-10

FMG will be fine. Andrew Forrest has made sure of that.
The WA premier has also stepped in to try and cool it all down.

China problem is their steel mills need our high quality iron ore along with Brazil's.
China also done things to upset Brazil in recent times. We are not the only country being targeted.

Brazil has severe problems with the virus getting out of hand where its citizens are now refusing to go to work.

The more China threatens us the higher the iron ore price will go.

We have a low currency and I see the iron ore price could well get as high as $120 a tonne.
Then we will all be in dividend heaven. Last time it got to $120 a tonne the currency was 10c US higher.
FMG has stated that 50% to 80% of its profits will go to dividends.

If the market gets spooked and the share price slips then another buying opportunity presents itself.

FMG could well get to $20 a share if the iron ore price gets to $120 a tonne which is very likely now.

There is an east coast billionaire that wants to start making steel in this country to sell to the world.
This was on inside business on abc a few nights ago. He sees Australia becoming a powerhouse for making steel to sell to
every other country over the next 30 years.