FMG 10.2% $18.28 fortescue ltd

Iron ore price, page-838

  1. 956 Posts.
    lightbulb Created with Sketch. 1
    Of course.

    But your approach is mixing historical spend (not sure pre or post depreciation?) with current earnings and you don't appear to be factoring in the debt used to create the asset base.

    The actual dcf value which you are sort of speaking to is not $7 (on any published valuation I've seen).
 
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