Buy Fortescue Metals (FSUMF.PK)

12/30/2008 10:05 pm EST


Jim Jubak

Founder and Editor,

While the big iron ore companies such as BHP Billiton and Vale bulk up through acquisitions, this Western Australian upstart is just starting production. But what potential! In December 2007 Fortescue announced that its Solomon holding contained 70% more iron ore than previously estimated. (Full disclosure: I own shares of Fortescue Metals in my personal portfolio.)
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