I understand after royalty and op ex costs it amounts to $57/MT. With an iron ore price around $100/MT, I would say they are receiving $80 - $85/MT. This is due to FMG having lower grade ore. margin would be $25/MT.
Obviously when price was $80, they were receiving $55 - $60.
You then need to add on Depn and Amortization charge, which is around $10/MT.
Therefore profit around $15 - $20/MT by 115 MT = 2.3B less capital expansion plans.
Compare that with IO price of $80, with received price of $60. Margin $3.115 M MT = $345M - (1150 Depn) - Capital Expansion Costs = (805M) - capital Expansion costs
io margin, page-4
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Last
$18.36 |
Change
0.385(2.14%) |
Mkt cap ! $56.49B | |||
| Open | High | Low | Value | Volume |
| $18.11 | $18.40 | $18.10 | $48.87M | 2.677M |
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| No. | Vol. | Price($) |
|---|---|---|
| 20 | 7570 | $18.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.36 | 8584 | 25 |
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| Last trade - 11.28am 22/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |