Mate why is FMG expensive relative to BHP & RIO? Care to back your statement up with any actual facts? Would love to hear them!
Why do you assume a falling iron ore price is reasonable? The price has held rock solid at over $170 a tonne despite every second idiot screaming that it's going to plummet to $80 in a coupe of months.
China and rest of world demand isn't going anywhere - except up!
Vale increasing their output is laughable.
And the idea that China will be buying iron ore out of Africa before 2030 is a joke!
Iron ore price, page-30192
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$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
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| FMG (ASX) Chart |