Why is FMG dying?
Breakeven at roughly $36/t which includes interest payments.
At $42/t, profit at $6/t, and net profit at $4.2/t.
165M tonnes sold means net profit of $693M per annum.
The low AUD and energy prices would be helping FMG's bottom line too.
Iron Ore Price, page-3618
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$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
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| Price($) | Vol. | No. |
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