FMG 5.04% $17.50 fortescue ltd

Ann: Management and Organisational Update, page-148

  1. 3,296 Posts.
    lightbulb Created with Sketch. 1022
    it's simple maths and economics.
    dont think of it as a ratio, think in terms of cold hard $$$$

    produce it where electricity is cheap, send it where they need power.

    50kwh to produce 1kg of H2,
    so if electricity is only 2c/kWh in Oman,
    it only costs $1 of electricity to make 1kg.
    then you ship it to Europe and sell for $10/kg.
    that is $9 up your sleeve for shipping, ground transportation, production Capex, retail costs and lots of
    profit.


 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$17.50
Change
0.840(5.04%)
Mkt cap ! $53.88B
Open High Low Value Volume
$16.89 $17.74 $16.84 $346.2M 19.88M

Buyers (Bids)

No. Vol. Price($)
3 5870 $17.48
 

Sellers (Offers)

Price($) Vol. No.
$17.50 12148 3
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.