Nathan Bell is a smart chap. His article illustrates the absurb race for firms to produce incredible tonnages of IO. For FMG to intend to increase prod from 50m-350m tons/annum in just 3 years is mind boggling. Yet FMG intend to incest 10's of Billions just as VALE, RIO and BHP also double production. $50-65/ton within 2-3 years is not just conceivable imo, it's the most likely outcome. Beware pinning yr hopes on IO staying at $180.
fairfax down ramps fmg - must be loading up !, page-2
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Last
$19.41 |
Change
0.420(2.21%) |
Mkt cap ! $59.76B | |||
| Open | High | Low | Value | Volume |
| $19.19 | $19.55 | $19.10 | $98.59M | 5.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32185 | $19.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.43 | 946 | 2 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |