Iron Ore Price, page-18073

It is a volatile share in terms of shareprice, however the significant improvements in metrics mean that the downside will be limited and in the best position to capitalise on any weakness in the IO sector. Last year, FMG had an existential threat with the low IO. Today even at 35 dollars it will be one of a few to still be rofitable. If it can reduce debt further or use that cash to diversify into a another sector that is opposite to the volatility of IO or maybe even a safe have class like gold (Though tough now as goldies have appreciated considerably in Oz due to AUD), this will be re-rated significantly. The debt is what will still be a drag on FMG. In volatile markets, debt is severely punished. A 20-25 percent ratio is ideal as it gives the company a buffer to make acquisitions or develop other projects.