It's going to be very interesting to see what kind of jump in...

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TonyIndo

10,744 Posts.

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16/05/24

20:34

Post #: 73865998
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Originally posted by WesTig: ↑

Greetings and salutations sir,
. Thankyou for your detailed and exciting Christmas Creek update. Mind blown. Tick. Sometimes I struggle to keep up with the Fortescue's global developments Fortescue is a marvellous illustration of the AFR's identifying that one of "investors' most significant weaknesses is underestimating the pace of technological advances". There are more exciting developments at Fortescue than at the 30 other companies I used to own combined.
Mate, I struggle to keep up-to-date with Fortescue's relationship with Plug. Are they involved with Fortescue's Phoenix operations? My limited understanding is that Plug is developing a different form of hydrolizer to the home grown Fortescue hydrolizer. Is that your understanding? How relevant are they for us? My reading has suggested they are a struggling outfit. I acknowledge the article on new financing you kindly provided for us.
Actually the Fortescue operation which excites me greatly is WAE. Also the green iron ore advances, the infinity train, Sparc technology investments.....Norway operations...It's a challenge to wrap the brain around all the fmg activities! A ray of sunshine in a world which demands manifestations of the truism..." Necessity is the mother of invention".
This POWER!!! thread is easily my favourite thread of all, such a source of learning, and you are a great teacher Tony! Thanks heaps mate. May the day smile favourably on you.

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It's going to be very interesting to see what kind of jump in numbers Fortescue are achieving at their green iron plant. On the 21/11/23 they had reached 1,500 tonnes but to reach serious scale it will need to be up in the 100,000 plus range per annum. That $50 million to construct the Plant is going to be a drop in the ocean for them. Exciting times on so many fronts!

"Subject to approvals, construction is expected to begin during CY24, with the first green iron targeted to be delivered before the end of CY25."

https://fortescue.com/what-we-do/our-projects/christmas-creek-green-iron-pilot

Tony

FMG Price at posting: $26.61 Sentiment: None Disclosure: Held
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0 Great analysis

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