AF has said many times in the past that any project his private...

AF has said many times in the past that any project his private business is considering to acquire - the FMG board has first right to pass on the project before Dr Andrew Forrest's private business' makes a move.

In regards to Noront Resources, Forrest was asked the same question by analysts - Why didn't FMG bid on it?

He made it clear that before any project that AF's private businesses even consider to acquire, he raises it at board level and the FMG board decides if they want to pursue the acquisition/bid. Only if the FMG board passes on the opportunity, does AF's private business then begin the process of acquiring the said project.

In the case of Noront, the FMG board decided that the scale was not up to size for FMG. When FMG makes multi-billions in profit, the revenue from other potentially commodities would need to be significant to actually diversify the company.

This is why FMG's diversification into Candente Copper was done, because the sheer scale of their resource is significant and if it reaches production, it would create the diversification that many investors seek.

Furthermore, FMG has committed 10% to FFI and 10% to other commodities. 10% is hundreds of millions of dollars that have/will be used to diversify FMG with other commodities. Who knows what investments, exploration, progress etc they have made on that front as they are exploring all around the world for various commodities.

Information that is being in accurately spread amongst forums while directors that are duty bound have made it clear in analyst calls sums up the FMG forum now. Alot of misinformation which is not only dangerous but highlights how the quality of posts has gone hill since the retreat of the share price.

Please do some due diligence before posting and ensure the information is correct.

DYOR and this is not financial advice.