FMS when in production is a cash cow. What we have to ensure is that we/FMS get charged fair and competitive haulage rates from BBIG. I assume this feasability study will look at other options and costings as well as just BBIG.
The biggest issue I have with the previous haulage rates back in 2014, was that they were expecting FMS to pay back the rail project infrastructure cost in less than 3 years that Todd 100% owns. It is also Todd's and other's clients job to fund this infrastructure.
Also most infrastructure projects have a 20 year payback timeline. Not a couple of years. IMO.
This is not advice.
FMS Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held