Maxludo your sure don't sound like a normal hotcopper punter? K
To begin with FMG did not start with shipping 2mtpa.
They sought finance, got it and began from there.
aim 45mtpa
Why didn't Twiggy begin with 5mtpa....not feasible.
Cannot compare.
the latest JV signals management ability to get deals done.
wrong commodity and no value to REY.
FMG did a A$2.7 billion debt offering. This is one of the worlds largest for a project finance deal within the high-yield bond market.
It's about Getting the deals done.
Rey is intending on spending $120 million for 2mtpa, then another $570 odd million for 4.4 mtpa.
these numbers are from PFS.
so total is $690 million both these stages.
doesn't make much sense does it.
regards
whc will ship 2mt in 2010, page-6
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