The above link is a corrupted version by HC as they regard it a cross promotion. enterstockhead with an oz domain and search for FMG via stocks
Will Simandou ever be developed. The case for yes and no is presented but basically
Fortescue Metals Group (ASX: FMG) chief executive Eizabeth Gaines, whose Pilbara mid-major reportedly missed out to the SMB Winning consortium in the tender process for blocks one and two, believes Simandou will be developed. But presenting to delegates at the Australian Shareholders Association conference, she said supply from Simandou would be incremental and replace production from mines coming to the end of their life by the time it was ready to produce.
IRD Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
