I don't get your point, it's expected IO prices are going to $70 - $80 and if it does, as expected, it doesn't change the valuation of IO stocks at all.
At $70 FMG gross profit would halve. But you claim the valuation wouldn't change. That's of the most nonsensical claims I've ever read on HC.
FMG Price at posting:
$16.52 Sentiment: None Disclosure: Not Held
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