FMG 8.92% $18.54 fortescue ltd

If its hematite then I can see no need for spirals etc they just...

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    If its hematite then I can see no need for spirals etc they just need to crush the stuff and chuck it on a train to port
    Admitedly the grade is low as for gangue (SiO2 and Al203) that comes out offshore in the furnace IMHO
    I would be more worried the Phosphate and Sulpher levels are low enough that they dont burn out the furnace
    Seems like they have a bunch of buyers wanting the stuff even if it is low grade guess they can always chuck some higher grade stuff in the mix from some one else
 
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