To follow on the breakevens analysis from UBS
RIO: $US43 per tonne
BHP: $US45 per tonne
FMG: $US72 per tonne
AGO: $US82 per tonne
BCI: $US70 per tonne
GBG: $US91 per tonne
Past analysis have suggested that a $1 movement to IO is worth $120 million to RIO an BHP either way. Factor in exchange rate and it gets a bit more complicated.
So what to make of this, $100 + for IO FMG is still earning quite a bit of money. This morning on Bing Finance FMG is trading at a forward P/E of 4. Clearly not expensive.
stairs on the way up escalator on the way down, page-68
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.82 |
Change
-0.590(2.63%) |
Mkt cap ! $67.18B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.80 | $110.2M | 5.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11208 | $21.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.82 | 8653 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |