We have Andrew Forrest a billionaire backer - now Twiggy is NOT just any old billionaire backer.. Nope. He is a billionaire, who's company, Fortescue Metal Group FMG, returned 413,000% to its shareholders from Jan 2003 to today - that's just 21 years..
That Massively outperformed more or less everything else on the planet:
Including:
Google up 4218% Since 2004
Apple up 164,000% Since 1984
Amazon up 189,000% since 1997
And the daddy Microsoft up 305,000% since 1984
You here'd that correct. Our sitting management team TOTALLY smashed the tech bubble out of the park. <a href='https://ibb.co/qWFLjbG' target='window'>https://ibb.co/qWFLjbG</a>
FMG returned over 413,000%
Which means £10k invested in Jan 2003 is today worth over £41m. Yup, read that again £41,000,000... That’s just F-bucket wowzer return: 413,000% by the same team NOW running GGP : Liz Gains and Mark Barnaba.
And what's truly astonishing is no other miner comes even close.
RIO gain 1497% since 1988
BHP gain 1139% since 1980
Vale 578% since 2002
Ivanhoe mines 180% since 2012
And the principal reason was that Andrew Forrest never sold any of his 36.7% stake.
Why we like Greatland:
1. Existing 8.4Moz @ 2.0g/t AuEq Telfer Type/IRGS system
2. 2.9Moz @ 3.0g/t AuEq high-grade reserve could lift to 9Moz SCPe on infill and roots
3. Reserve increases could support elevated 6-9Mtpa for long-life Tier 1 asset
4. Potential SCPe 6Moz caveable material adds optionality above this
5. Newcrest existing mill / staff offers production without (plant) build risk
6. Ex Northern Star / Fortescue team could use this as springboard for future growth