Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-92

It's no big secret that Twiggy Forrest is aggressively diversifying from only iron ore, into gold & copper projects.

We all know that if we had & held onto FMG shares when they were between 10c & $1-2 range, we'd be sitting on $million/s. But back then people whinged & complained about FMG wasn't diversified & the share price and management was sh#t, whilst others delightfully backed the truck up & loaded up in the 10's & 100's thousands.

I'll tell you this for sure, it will be 10X easier & beneficial for FMG to get some massive gold/copper projects happening in the Paterson Province than it would be, in the high altitudes of the Andes, and transporting materials through the Atacama Desert. And a re-rated global monetary order, will see the emerging strong unionised miners in South America earn wages on par with the rest of the world, maybe not as high as Australia. But not so cheap and easy anymore.

Bargain hunters should have the Paterson Province in their targets.


From FMG website:

https://www.fmgl.com.au/about-fortescue/our-operations


International footprint

We recognise that early stage exploration can unlock significant value.

Fortescue has a well established presence in Latin America, including Argentina where we currently hold tenements prospective for copper-gold. We are also assessing exploration and development opportunities in Colombia, Ecuador, Peru, Chile and Brazil.