With the price of iron ore soaring our beloved bod could utilize gate sales of PIOP ore to fund future development.
For example we could sell a bank or financial institution 20 million tons of PIOP ore (in ground) at $20 per ton and guarantee to ship it at a later date when transport infrastructure has linked PIOP to the markets
The bank wins because it has purchased a commodity at a fraction of the market value and Fms could have $400 million in the bank, could a Chinese Bank or Shangdong Steel be interested and is such a scheme practical?
FMS Price at posting:
8.5¢ Sentiment: None Disclosure: Held
