Apparently the likes of BHP and RIO have negotiated on the MRRT where they can offset tax payable against proven resource that is still in the ground. Amazing as it seems.
The big boys are not stupid they know how to negotiate.
Even though this does not directly benefit FMS it does benefit FMS if we were looking to be taken out by a major.
You would have to think this is another reason for FMS to continue drilling and proving up more ore.
We have had a number of very good announcements in the last few weeks etc. Large resource now!
Our ore is now valuable to a major above ground and below ground thanks to this MRRT.
I'm betting on a RIO deal.
FMS Price at posting:
16.1¢ Sentiment: Buy Disclosure: Held
