robert123,
It is in the averages
FY2019 first half IO benchmark price was low, around USD $50/T and gradually strengthened in second half.
FY 2020 started at USD$120/T and is now softening toward 90. If it holds around 70-80( which most forecast) it will result in a higher eps than FY 2019.
Look at the realised prices in each quarterly announcement for the FMG pricing result.
FT
Iron ore price, page-15423
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Last
$19.15 |
Change
0.270(1.43%) |
Mkt cap ! $58.93B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.19 | $18.97 | $26.59M | 1.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5971 | $19.14 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.16 | 25144 | 10 |
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