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!
Wet/Dry Cost/Price
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |