Regarding Fortescue’s Iron Bridge iron ore project the company have stated that they're almost at the backend of capital and that they're very close to free cash flow.
Reference
https://www.fmgl.com.au/docs/default-source/announcements/investor-and-analyst-call-transcript8e90e143944a44df87341dde34a34922.pdf?sfvrsn=5b700d2b_6
Few questions I thought to open up discussion.
Iron Bridge at 67% Fe will produce 1mt initially with the goal of ramping up to 22mt per annum.
Refer to page 47 below.
https://www.fmgl.com.au/docs/default-source/announcements/full-year-2022-annual-report-and-4e.pdf?sfvrsn=d0a3336a_2
How quickly are they going to ramp up?
What price range is this product going to command?
What will their full all in cost of production be?
FY23 average exchange rate of USD 0.70?
No value yet applied to Iron Bridge, that should change big time come next year.
Tony
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