Quite frankly, I would be more intested in FMG share price rather than dividend come 2015.
If IO price stays around the $120 per tonne mark, then all debt will be paid off and production at 155 MTA.
155MTA is about the same as current BHP output.
50% of BHP profits comes from IO. Total BHP net profit of $A14.77 billion. IO profit ~ $7.5 Billion.
FMG cost is higher, but a huge amount of profit at 155MTA if spot price hovers around $120 / tonne.
The current IO price lull may be a temporary set back due to Europe, China slow down and US weakness.
2012 end of year financials, page-21
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Last
$19.17 |
Change
-0.020(0.10%) |
Mkt cap ! $59.02B | |||
| Open | High | Low | Value | Volume |
| $19.22 | $19.41 | $19.13 | $134.6M | 6.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.20 | 1239 | 2 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |