The stock market needs trust
The uncertain politics in Peru is currently weighing on the commodity stocks of the companies operating there.
A third of Peru's GDP comes from the mining sector. Everyone must be aware of this or become aware of it. As a mine operator, it is important to take responsibility for the local population and their participation as well as for the environment.
This creates trust among people and the advantages that can arise from mining for everyone involved then become apparent.
DNT fulfills both in an exemplary manner. and Fortescue fits this philosophy very well with its eco-friendly technology.
So we wait for the drilling and then the calculation of the new CAPEX as a maximum variant: Mining of North and Sur at the same time and from the beginning. This approach is only feasible for majors, but it is extremely economical.
With those new numbers on the table, I think we should be able to expect an offer from Fortescue.