Fortescue Metals Group (FMG) – Dirt Cheap

Company Overview Fortescue is a well-known Australian success story.  A former stockbroker buys some mining leases in the Pilbara, is blocked from accessing BHP and RIO’s rail infrastructure, so he builds his own debt-funded railway.  Nowadays, Fortescue is almost debt-free, generates masses of cash every year, and has the lowest C1 production costs in the … More Fortescue Metals Group (FMG) – Dirt Cheap