Iron Ore Price, page-2679

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AnDy62

3,379 Posts.

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06/11/15

11:57

Post #: 16339098
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Originally posted by Flip61 ↑

No Pear,
I'm suggesting that AnDy is a shorter, who does not hold, and whose only interest is in talking the stock down.
Also I'm actually saying (i.e. not suggesting), that AnDy is deducting the moisture and/or quality discount twice, to arrive at a figure that suggests a lower result than is being achieved.

I thinks its pretty clear, if all-in costs, including moisture/fe content discount, admin, interest, sustaining capital & toilet paper, etc., total $39 (soon to reduce to $36 if guidance is achieved, but lets stick with actual), and sale price per tonne at 62%fe is currently around $48, then they are currently netting cash of $9 per tonne. And due to the significant, non cash deductions available (Amort & Depn), most of what they are currently earning is not tax liable.

At $9 per tonne, x 165 mil tpa, that's cash of $1.485 Billion. If they achieve $36, that will be an extra $495 Mil.
(All amounts are in USD)

I'm not saying its a bed of roses, or that I wouldn't rather see a higher IO price, or less debt carry, but I don't see a train wreck either.

Flip

& PS, I really don't live for the up ticks.

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Bullocks.

FMG Price at posting: $2.16 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $16.91		Change 0.050(0.30%)		Mkt cap ! $52.06B

Open	High	Low	Value	Volume
$16.87	$17.04	$16.82	$141.3M	8.359M

Buyers (Bids)

No.	Vol.	Price($)
6	2993	$16.90

Sellers (Offers)

Price($)	Vol.	No.
$16.91	12327	4

View Market Depth

No.	Vol.	Price($)
6	2993	16.900
2	26679	16.890
1	8152	16.880
2	8282	16.870
1	8653	16.860

Price($)	Vol.	No.
16.910	12327	4
16.920	1000	1
16.930	1044	1
16.940	4666	2
16.950	3030	2

Last trade - 16.14pm 17/07/2025 (20 minute delay)

FMG (ASX) Chart

Iron Ore Price, page-2679

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Iron Ore Price, page-2679

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