My information is that Garry S, the FMS CEO gave presentations in Hong Kong and Singapore this last week and that the response to those presentations was very positive. It is possible that yesterday's buying was from some Asian investors - time will tell.
I also understand that next week Garry will be making a presentation in Toronto to the biggest mining investment show in the world.
At last years AGM Garry said that the Worley Parsons PFS was based on the ore resource identified about 12 months ago from now. Since that time the ore resource has expanded so that FMS could be producing 15m to 25m tonnes of iron ore per year rather than the 5m to 15m tonnes per year as per the PFS.
As we all know, everything hinges on rail access, port access and end customers. When these deals are done the serious sums can be done.
In my opinion, the "something around the corner" will be excitement!
something around the corner, page-49
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| Open | High | Low | Value | Volume |
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