What reserves does FMG have?? I'm thinking around 2billion tonnes. By taking over FMS they can increase that by 50% and then change their motto from 'THE NEW FORCE IN IRON ORE' to 'THE FORCE IN IRON ORE'. I think this is what Twiggy would like to do and if they can complete their deal with the Chinese he will have the money to come to some arrangement with FMS. And if that happens we will not have to put much into infrastructure costs.
As for the FMS reserves, we know that the estimates have been getting bigger and better with each anouncement and these have been based only on drilling in the gullies and valleys. Now Kev tells us that the hills look like they need a few holes drilled as the BID ore bodies look like they extend up into the higher ground.
More and more, bigger and better!!!!!
I love being an optomist so leave me alone you downrampers!!!
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