I agree with teenbanger in FMG possibly becoming one of the fastest growing major iron ore players on the market. It's not just the expansion to 155mmt, but with the increased rail/hub infrastructure and along with the Anketell Port construction, FMG are well on their way for their projected 350mmt production for 2017. Count that along with a low production cost and this company not only looks a survivor but one that will thrive.
If Aquila Resorces cannot come up with the required funds for the Anketell Port (which has the potential to rival Port Headlands), then Fortescue may become the lead proponent (which will determine the speed and scope of development) which would be a boon to FMG. By the below account Aquila needs the Port by 2014, FMG not until 2015.
http://au.news.yahoo.com/thewest/business/a/-/wa/9798744/aquila-fmg-in-race-to-develop-pilbara-port/
There's much to like about this company, and even though they have had aggressive targets, they have been meeting those targets without being fiscally reckless.
I agree with teenbanger in FMG possibly becoming one of the...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |