Near term FMG heading to 155mtpa (current 55mtpa?) where is their allocation to cover the agreesive growth profile?
"Industry speculation has also centred on Andrew Forrest's Fortescue Metals Group eyeing off some of the capacity at the NWI site".
"Further complicating negotiations is whether valuable port capacity would be transferable or revert to other junior miners in the event a company such as Atlas was swallowed by a major miner such as Fortescue Metals Group".
If AGO gets a takeover offer in 2012 it will be from FMG first, they need to port space that AGO currently has at its disposal to ensure they achive tripling their shipments to 155mtpa by FY2013.
AGO Price at posting:
$2.50 Sentiment: Buy Disclosure: Held
