This is driving me bonkers... Can someone please help!
- If FMG report a US$41/t wet cost, that equates to a US$46/t dry cost, correct? (FMG add another US$5/t to get to dry)
- How do you get to the dry price received by FMG? Discount the IO spot price by 15%? So in the December quarter 85% of average US$74/dmt becomes $US63/dmt?
In the second half of the year, if the dry cost is US$40/t and the average dry sell price is US$53/t (85% of current spot US$63/t), that still a very healthy profit margin of US$13/t!
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FMG
fortescue ltd
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$16.19

Wet/Dry Cost/Price
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Last
$16.19 |
Change
-0.150(0.92%) |
Mkt cap ! $50.31B |
Open | High | Low | Value | Volume |
$16.15 | $16.22 | $15.94 | $13.37M | 831.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 4762 | $16.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.20 | 13817 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1404 | 16.170 |
3 | 1634 | 16.160 |
6 | 2662 | 16.150 |
4 | 6301 | 16.140 |
6 | 6057 | 16.130 |
Price($) | Vol. | No. |
---|---|---|
16.190 | 5416 | 12 |
16.200 | 14728 | 10 |
16.210 | 13193 | 13 |
16.220 | 9168 | 10 |
16.230 | 8668 | 10 |
Last trade - 10.22am 08/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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