FMG 1.20% $21.41 fortescue ltd

fmg

  1. 354 Posts.
    i think i will hold longer $100.00+cps by xmas. Fortescue is continuing to drill equally prospective targets in the eastern
    portion of the Solomon Project area and expects to announce additional
    resources in that area before Christmas. Serenity is located about 60
    kilometres north-northwest of Tom Price in the Pilbara region of Western
    Australia.This discovery is a result of a drilling programme by Fortescue aimed at
    providing sufficient resource with its Chichester deposits to support its
    planned production expansion to 200 million tonnes per annum (mtpa). This
    initial mineralisation comes from the Serenity area which represents one third
    of its total tenements in the Solomon area.
 
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