Fortescue sets up for a big rally

I often get asked “when is a good time to buy shares in Fortescue (ASX:FMG)?”. Having endured a very soft few months, the Fortescue share price appears ready to launch higher again. The price of iron ore looks to end 2017 at a higher level than where it started. Despite this, we’ve seen a negative performance from Fortescue this year. Much has been made of the discount that the company sells its ore at. Fortescue produces a lower quality ore. …

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