FMG 1.87% $18.40 fortescue ltd

iron ore up again!, page-7

  1. 3,510 Posts.
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    Sorry camp! Macrobusiness site has changed to new format

    Based on US$139 sale price, FMG deals IO at discount due to lower grade,
    Say realised seeking price is $130.0 mt and US$70.0 mt cost

    Gross profit = $$60.0mt, production currently 10.0mt per month, gross profit this month $600m US$

    Debt repayment and higher dividend is a no brainer now."hang in there" is starting to be more and more accurate
 
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