The chances of FMS going into production is as good as me being the first person to visit Mars. It's not because of management's credibility but it's due to underbelly behaviour prevailing in Pilbara by big 3+1, who has backing of WA govt. Approvals will be tough to get I think. They would never let FMS raise capital successfully to let its iron ore reach shores to increase competition in the dying iron ore market.
Market has no hope from alliance with Todd's and RTA as visible from share price.
Only hope FMS has BCI to knock its door one day and load on FMG train. But when, how and at what price is very difficult to answer now.
I hope I am proven wrong in the long term and FMS atleast return our investments.
In my opinion.
The chances of FMS going into production is as good as me being...
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