FMG 1.17% $17.73 fortescue ltd

Break even price

  1. 305 Posts.
    Why does fmg throw in a token $5 price realisation figure in their price guidance when this figure is always generally going to be more @ a 15% discount? I know its not ever going to be a tangible number and as a result think it would be more transparent if they just said their break-even is $34 of 58% platts.

    Also is the additional 1.6b in expected savings in fy16 required to reach c1 guidance of 18/wmt or does this indicate that they expect that their delivered costs will be lower for this financial year once those savings are achieved?
 
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$17.73
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$17.86 $18.00 $17.67 $106.1M 5.956M

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No. Vol. Price($)
1 3136 $17.73
 

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Price($) Vol. No.
$17.76 10562 2
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