re: Ann: Becoming a substantial holder in FMS... As per Taboon's comments - "around $10 billion to get the ore to the coast".
Now who would have the capability to spend that time of money in this current market - very few one would think?
It would extremely riskly for anyone to commit to such development funds (huge capital) if iron ore prices were to weaken.
FMS shreholders are extremely fortunate that the share price is where it is now. Whatever the valuation on the company is doesn't take into account that someone has to fork out the money/ or commitment to potentially develop these iron ore sources.
For shareholders take the money and run. "A bird in the hand is worth 2 in the pocket:.
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