FMG cost price is I think about $22US/T so even at $90US/T FMG makes a pile of money.
Currency is still low at $0.66US
FMG will be selling more IO this next financial year by 28 million tonnes and they also selling the higher grade stuff
at $145US/T.
Then go add all the FFI sales of software for faster charging and we are going to see record profits in the years ahead.
I suspect in the coming years we'll be getting to 250 million tonnes of iron ore each year as they get more
clearance from ports to export more.
Iron ore price, page-53140
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$18.44 |
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| Open | High | Low | Value | Volume |
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