FMG 1.20% $21.41 fortescue ltd

decision today on native title case, page-10

  1. 2,893 Posts.
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    think this is outside of any state royalty payments. Did read the Yindjibarndi were going to sue. FMG pays the alternate group $4m with generous housing ; medical ; learning and working opportunities. But can see the attraction of 0.5 %, not sure what the base revenue is ~ if sale price then over 50m per year // if profit then the number is significantly smaller.

    Could be a bit of fun over the next year or so.
 
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