This news piece below is instructive.
Just cutting diesel out of their own operations will be enourmous, let alone the huge global vehicle heavy industry sector which FMG have their full attention and focus on. The technology commercialisation opportunity is mind boggling just on its own. Selling this to others... think about that for a moment and the numerous new potential markets and revenue streams they're targeting. Current operations are on track imv even with a lower grade IO product, but even that could potentially change for the better once iron bridge comes online.
https://reneweconomy.com.au/fortescue-thinking-big-on-heavy-evs-and-wa-green-energy-hub/
Tony
POWER!!!! Fortescue Future Industries, page-652
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| FMG (ASX) Chart |