dtpower,
Early days of FMG? from the FMG website......
"Construction began at its first mine, Cloudbreak, in 2006 while work also started on a 256 kilometre railway from Cloudbreak to Port Hedland and on world class facilities at Herb Elliott Port.
Two years later, and only five years after the company was formed, Fortescue shipped its first cargo of iron ore bound for China. "
Whereas with Cudeco, 8 years since discovery, and nothing shipped.
If you look at the share price over the same formation period chalk and cheese. Definately the wrong analogy.
CDU Price at posting:
$1.74 Sentiment: None Disclosure: Held
