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for those interested, there was an article in today's AFR about the backing FMG has by junior iron ore miners in the pilbara towards an open access railway ... its all against BHP if they don't want to share and be greedy considering only 1% of IO production comes from the line
also, another article on how the chinese wanted a 80% stake in FMG in 2005 but was rejected.
baosteel also wanting to increase their stake by purchasing it from the americans
Agro
My

Probably FMG will make a substantial money by leasing its port, railways and other infrastructure facilities to junior miners. The port is very good and is a cash cow too.
We will definitely review this begining of next year if my so called one cent prophecy or educated guess work really hold good.
Until then enjoy FMG rise in next two weeks.