This is driving me bonkers... Can someone please help!
- If FMG report a US$41/t wet cost, that equates to a US$46/t dry cost, correct? (FMG add another US$5/t to get to dry)
- How do you get to the dry price received by FMG? Discount the IO spot price by 15%? So in the December quarter 85% of average US$74/dmt becomes $US63/dmt?
In the second half of the year, if the dry cost is US$40/t and the average dry sell price is US$53/t (85% of current spot US$63/t), that still a very healthy profit margin of US$13/t!
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Last
$16.33 |
Change
0.070(0.43%) |
Mkt cap ! $50.27B | |||
| Open | High | Low | Value | Volume |
| $16.28 | $16.37 | $16.20 | $91.44M | 5.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $16.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 450 | 1 |
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| Last trade - 16.13pm 04/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |