"The net debts of A$169mil is not a big deal for AGO when you compare with others. Do you think AGO will die ?. The risk is less than FMG folding up"
IMHO I think FMG is lower risk.
FMG is lower cost with railway.
Further, FMG can easily sell their railway for multi-billion if they need to.
Further, I'm sure a lot of Chinese steel mills would love to take placement in FMG because they produce 160mtpa, AGO only produce tiny tonnes and high cost.
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