FMG 2.63% $21.82 fortescue ltd

Iron ore price, page-306

  1. 3,123 Posts.
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    Xiongan will be 3 times the size of New York city, IO demand will last another 10 years in China. This is Xi's pet project, and I'm sure he will make sure this is up and running ASAP. Once the draft plans are fast tracked, you will see a lot of announcement in regarding to infrastructures in the region.

    Chinese government approved $36 billion to build 700 miles of rail within three years in November.

    Eight new railway by 2020, Twenty Four by 2050.

    Currently China has 13,670 miles high-speed rail lines, and China plans to build 10,000 more miles.

    Beijing is committing to the next phase of China's economic rise. President Xi Jinping is seeking for China to become the world's largest economy.

    The government is expected to spend hundreds of billions of dollars on transportation and infrastructure projects that would connect about 130 million people living in Beijing, the bustling port city of Tianjin and 11 other cities in Hebei province.

    And FMG got enough resources to provide for all that. Easily NET CASH POSITIVE by end of year 2017 Exciting times ahead.

    DYOR.

    Frank.
 
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