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This has been the key to the recent re-rating of the company.  Many brokers and analysts have been unnecessarily critical of FMG and Forrest  from the start and some still are without justification.

Now that the mine and infrastructure development is mostly over, and the company is becoming simply a digger and exporter, it has settled down to managing the reduced number of risk, being mainly debt, costs and fluctuating iron ore price.  The more boring company it becomes, the more the market will take to it.

Cheers

Country Lad