FMG 1.10% $26.94 fortescue ltd

Hajigak Mining Concession, page-3

  1. 257 Posts.
    lightbulb Created with Sketch. 51
    In my unqualified opinion as follows: China is the most likely candidate country to be able to build the railway under its belt and road initiative. The rugged to flat, often snow covered, sometimes mountainous region around the Hajigak Mine is a region with a similar level of access and construction difficulties to some of China's terrain.

    However, with the Taliban assalt on several Afgan cities, which commenced this August, It's unlikely anything will go ahead in the short term (at the very least). I don't believe this will happen but China does have the might, military numbers and weaponry to counter the Taliban but it would cause huge conflict in Afganistan with possible repercussions from the US and US allies. There's a low possibility that Pakistan and India may also get involved.

    I think the whole mine/railroad situation is a stalemate for the foreseeable future.

    I've included a google maps link below: some great photography of the mine area:

    https://www.google.com.au/maps/place/Hajigak+Iron+Mine/@34.6687719,68.056944,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipO9PUsx9HvPiFgo4fOEjooYvMg1PHqOASlwXhN8!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipO9PUsx9HvPiFgo4fOEjooYvMg1PHqOASlwXhN8%3Dw205-h100-k-no!7i4128!8i2006!4m9!1m2!2m1!1sHajigak+Mine,+Afganistan!3m5!1s0x38d2f95b0624604f:0x18c102eaa22eb8e!8m2!3d34.6687673!4d68.0569446!15sChlIYWppZ2FrIE1pbmUsIEFmZ2hhbmlzdGFuWhoiGGhhamlnYWsgbWluZSBhZmdoYW5pc3RhbpIBBHBlYWuaASNDaFpEU1VoTk1HOW5TMFZKUTBGblNVUlpkVkJ5WDBWUkVBRQ


    Also a pdf (below): It's an article updated 9-10 March, which gives a great perspective of the interested parties in this said to be high-grade high-tonnage IO deposit and a small snippet about Afganistan's Lithium resources.
    Hajigak Mining Concession _ Fulfil strategic ambitions of imperial powers - The Economic Times.pdf


    There has been previous ministerial interest from Australia in the IO mine but I think it's just far too complex a project for any Ausie corporation to get involved in. Unfortunately, it will revolve around that black word - politics - and there's little likelihood of the Aust Govt or any Aust company risking anything/anything more in Afganistan during COVID.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$26.94
Change
-0.300(1.10%)
Mkt cap ! $83.43B
Open High Low Value Volume
$27.24 $27.25 $26.88 $43.17M 1.596M

Buyers (Bids)

No. Vol. Price($)
10 757 $26.93
 

Sellers (Offers)

Price($) Vol. No.
$26.94 634 9
View Market Depth
Last trade - 13.32pm 21/05/2024 (20 minute delay) ?
Last
$27.02
  Change
-0.300 ( 1.08 %)
Open High Low Volume
$27.25 $27.25 $26.89 355971
Last updated 13.51pm 21/05/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.