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Flinders Mines Limited

( ASX:FMS ) - Materials

Analyst Views

FMS – Macquarie rates the stock as Underperform

In the wake of Flinders’ production report the broker still calculates the Pilbara iron ore project to be sub-economic unless FMS can bring in a funding and development partner and secure access to someone else’s infrastructure. FMS’ go-it-alone strategy requires some $1bn in funding and that provides a major hurdle.

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