Where do you come up with these figures Nolan...?
For the next dividend to just hit the lower end of your prediction ($2) the IOP would have do hit, and maintain for 6 months, $200/tn minimum... For $3 it would have to maintain close to $300/tn..
Don't get me wrong, I’m definitely not bearish on FMG. But I can’t see how your figures could even remotely resemble a realistic outcome over the next 6 months. As much as I wish you were right!
If you know something that I don’t, it’d be great to hear it. As I’d reverse my decision to stop reinventing dividends quite happily.
Iron ore price, page-23244
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