No, their aisc is around US$28/t. The breakeven is when the spot price is US$39/t.
At US$50/t they are still making a profit of US$11/t or roughly US$1.815 billion per year.
Management have continued to deliver.
Shanghai has closed 2.5% up and the IO futures have improved since 4pm. The SP should go up tomorrow.
FMG Share Price, page-4
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Last
$18.62 |
Change
0.180(0.98%) |
Mkt cap ! $57.02B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.68 | $18.30 | $130.7M | 7.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 7736 | $18.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.62 | 6169 | 20 |
View Market Depth
| Last trade - 15.05pm 29/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |