Too early to tell.
They'll be looking for us to lead the project, source funding, manage construction & run operations IMO. I expect a Joint Venture ownership model
Read between the lines, they're building steel foundries!
So FMG will own the mines, rail, ships, power stations & foundries, talk about end to end supply chain!!!!
"Under the Deed, the parties will promptly investigate the feasibility of potential projects for
development of PNG’s hydropower resources to support green industrial operations largely for
export to global markets, and also for domestic consumption.
"
POWER!!!! Fortescue Future Industries, page-30
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Last
$26.03 |
Change
0.220(0.85%) |
Mkt cap ! $80.14B | |||
| Open | High | Low | Value | Volume |
| $26.07 | $26.44 | $25.85 | $83.58M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15212 | $26.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.04 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$25.98 |
Change
0.220 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $26.06 | $26.43 | $25.85 | 555334 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| FMG (ASX) Chart |