Is i/o $80 tonne, production costs were cited as $76 a tonne presumably with a ride to port, so risk is real
FMG have agreements with the Chinese very useful to establish a competitive price, FMS are not talking about what would be left to develop and I guess at this point s/h are suspicious of their motive,no one is impressed with the timeframe and certainly another direction would be very good for the board of directors ,however I remain mistrustful of their motives and would like a resolution in the form of a takeover.
I bought more recently and doubled my holdings on the basis of limited risk according to the simple math of prior offers from Todd as opposed to a total loss of capital
Is i/o $80 tonne, production costs were cited as $76 a tonne...
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