I'm very positive about the long term future of Fortescue too, but I'm realistic that we're still at the whim of China for at least 5 more years.
FFI won't be worth anything substantial for about 5 years, till then its mostly speculation (which means great time to buy)
Iron bridge is not really a big deal IMO, lucky to get 10-25c dividend.
great but not game changing.(not including ammortisaion)
Iron Bridge 1 Wet Tonnes per annum 22 mtpa 2 Dry Tonnes per annum 20 mtpa 3 FMG ownership 13.8 mtpa 4 Profit per tonne $100 5 FMG profit $1,380,000,000 6 After Tax Profit $966,000,000 7 Profit per share $0.31 8 Profit per half year $0.16 9 Dividend at 75% payout $0.12
Only thing which will save us is green iron & hydrogen.... till then, we do what china does
Iron ore price, page-49717
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Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $20.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.14 | 17291 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |