POWER!!!! Fortescue Future Industries, page-3414

well said. Analysts though didn’t seem to have a problem valuing the likes of after pay in the many many billions of dollars despite the fact, it never made a profit, it was subject to substantial regulatory risk, barriers to entry were low, dependent on high consumer confidence and low margins. Many were prepared to overlook all these risks especially analysts.

fMG is rarely given any positive ratings by analysts. Look at how much rate it as a buy, hold or sell. Mind you this has been the case for a long time.

goldmans have given a sell rating and in their latest report note that the execution risk of **on may be an issue……yet when giving a buy for Rio, I didn’t such a damning assessment for the mine in Guinea (which has so many risks, I’ve discussed that on here recently) **on is mostly immaterial for fmg in any case.

market can say whatever but I’m comfortable where things stand. Even IO ops, just looking at current cost curve and where break even stands for many miners, FMG is so well positioned, yet the forward p/e is insanely low based on their most recent profit in the HY.