from what i have seen FMG is expected to produce 55mt of iron ore this year, at a profit margin of $71 per tonne (recent newspaper article). so 55mt x $71= $3.905b EBIT
So EBIT x 7 = $27b market cap.
FMG have stated they expect to go to 200mt over the next 2-3 yrs, so thats where the higher market cap figures come from.
again these numbers are expected figures, what i would like to know is how many more shipments have been made since the first one?
i would like to short FMG but not until it looks like the resource story has been busted.
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$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 18.460 |
1 | 200 | 18.450 |
1 | 390 | 18.440 |
1 | 46 | 18.430 |
1 | 100 | 18.420 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4305 | 5 |
18.510 | 100 | 1 |
18.530 | 1251 | 2 |
18.540 | 1186 | 2 |
18.550 | 15214 | 2 |
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