This is from todays Daily Telgraph........
http://www.news.com.au/dailytelegraph/story/0,22049,22982088-5001021,00.html
"``I could bury a few rusty nails in the backyard, get the spade out and claim that I have dug up more iron than Fortescue Metals,'' ABN Amro analyst Ben Smoker said last month. "
and the article went onto say this.........
"Fortescue Metals, based in the resource-rich Pilbara region, is now worth $23.7 billion despite the fact it is yet to dig even a gram of iron ore from its tenements."
I wonder if the journo who wrote this piece has an opinion of Rupert paying $5 BILLION PLUS......yes BILLIONS for the WSJ.
I am willing to bet FMG earns more for shareholders then NEWS has for its shareholders.
Nasty comments from the journos,i wonder at what price they will or will have to buy FMG at???
glad i have mine at 90c still!!!!!!
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24 | 50856 | 16.180 |
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