why would FMG take it? they don't need it, they have billions of tonnes...if they did need it in 20 years they'd pick it up for a pittance because it's not economic in its own right....FMS can't mine it so they're stranded.
It's poor grade and deep, maybe it's economic for aluminium? you'd want to hope the later drilling gets a whole lot better to justify this market cap.
crash and burn, page-9
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