News: Riedel Resources exploring for nickel-copper-gold near Sandfire, page-13

Time to buy FMG, personally think price of Iron will bounce back as smaller producers are taken out of the equation, cost of production declines and FMG continue to reduce their debt. China and India are about to restock, prices of materials are looking to rebound, oil price are forming and base a long with general inflation pushing higher. US dollar is also strengthening. FMG could be a takeover target at these prices too which would definitely support share price and push it north of $5 and beyond. FMG also have the infrastructure which they can capitalize on. All this doom and gloom about Iron Ore prices and FMG, bottoms line is a myth in the long term. What we know is that Iron ore is still required, FMG has the ability to ride out the lulls in the market, they are a top producer and a quality company, they are trading at discount. In a few years they will be beyond double. Don't underestimate Twiggy or FMG. He definitely puts his money where his mouth is, and no offense to many of you, he knows a little more than the general Hotcopper poster and unlike most hedge fund managers, he has actually made money from his mining operations as opposed to exotic bets and spreads underlined with investor panic.