Well I'm not sure how you do your valuation,but it cannot be by using numbers.
Even allocating zero value to FFI and using 80 bucks US for IO it's worth north of 20 .
its nett debt free and has enormous free cash flow and ability to distribute that to the owners.
Who are all becoming wealthier than before.
Gordy
Iron ore price, page-35053
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Last
$20.42 |
Change
-0.055(0.27%) |
Mkt cap ! $62.98B | |||
| Open | High | Low | Value | Volume |
| $20.20 | $20.54 | $20.16 | $80.29M | 3.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2535 | $20.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.42 | 13354 | 12 |
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| Last trade - 12.40pm 16/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |