Many of the items presented on that page are quite exciting to me since it looks like FMG's demand alone could keep Alloy busy for some time to come....and if it dodges any recession pull-back worries, then so much the better for us:
"growing production around Fortescue's project in the Chichester Ranges could support an operation in excess of 150 million tonnes a year. "We can achieve a mining house in the iron ore business at least the scale of BHP's medium-term objectives just in the Chichester region alone," Mr Forrest said yesterday."
"Talking to journalists yesterday, Mr Forrest said he was confident about the demand for iron ore from China for the next 10 to 15 years. "The growth of the steel sector in Asia is not noticing the credit meltdowns" in the US and Europe, Mr Forrest said."
"One steel producer, for example, had said it would take the entire supply if Fortescue expanded to 150 million tonnes a year in the Chichester Ranges, he said."
Thanks for offering your take on the FMG release. I'm not convinced that Alloy Steel's small size is the reason it wasn't mentioned, but I agree with your analysis otherwise.
Regarding the other stock you mentioned here, I asked you (twice) how you had heard of it. Why the reluctance to answer that question?
News 
Market Data 
Discover 
AI
