"Fortescue’s cash balance increased to US$4.0 billion at 31 December 2022 (US$3.3 billion at 30 September 2022)."
Only an Increase of 700 Million in the cash balance for an entire quarter? LOL.
WHC and YAL on the ASX all pretty much doubled this, and they are valued 9x cheaper. 8 billion instead of 70 billion.
Pretty sure even BHP has a better valuation than this junk
Interesting that CAPEX costs are forecasted to skyrocket too. Capital expenditure (excluding FFI) of US$2.7 - US$3.1 billion.... (Interesting that they decide to leave FFI figures out of it...., wonder why that is
GLTA
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- Ann: December 2022 Quarterly Production Report
Ann: December 2022 Quarterly Production Report, page-2
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