Hi Wes,
I believe it might have been the green iron ore business and I am in agreeance with AF there. This is world changing mate.
What we need to keep our attention on is what is being ticked off within their in-house decarb plan first. They're doing a tremendous job to date.
Second, and I've been saying this for a while now.... is what sub-segents/projects are going to offset their decarb CAPEX in the short term? I've already provided my thoughts around this. I think we'll see some solid movement next year with FE, I'm not expecting much for FY24, but AF has been known to surprise.
The bigger FE projects are definitely exciting, will bring in serious capital once FIDs are hit but keep in mind the timeframe required. Numbers need to be provided if/when they reach financial close. That's what I want to see.
But yes, that sling shot is getting tighter and tighter.
Tony
POWER!!!! Fortescue Future Industries, page-4474
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