Who will be the next FMG, page-108

Couldn't agree with you more than both stocks are ridiculously undervalued, as you say 5cent per tonne is cheap..

However Anketell has been talked about for years, and the capital cost of it means it is just too expensive to get up even for API and the likes with the huge amout of iron ore they have.

The whole point about the RTA transport solution is capex is so much lower and therefore more manageable and economic - $650m for a port capacity of circa 50 million tonnes per annum possibly more.... Short rail, in Pilbara terms, means the 25mtpa from FMS makes it economic....

Interesting point about Todd, in this equity environment it is tough junior resource stocks. Don't hold your breathe for them to do little shareholders any favours... We just need to stick together to ensure any offer is at a decent premium...