FMG 1.72% $22.48 fortescue ltd

Iron Ore Price, page-4540

  1. 2,892 Posts.
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    Avg Joe,

    $4.8B and $1B due by 2019 is NOT much later. You need to consider 2015 AND 2016 iron ore price will remain low. Even 2017 low iron ore price too. You only making $300m p.a.

    $5.8B debt, $2.4B cash... assume all cash use to repay loan.

    Only LESS than 3.5 yrs to 2019, you need to make $1 Billion net profit after tax for the next 3.5 yrs and allow $0.00 cash on hand. It is impossible task.
 
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