I'm not ignoring your post spuza - I'm thinking about it.
Earnings of a $1 for a share costing $5.50 sounds like a good ratio. But is it right? And aren't profits rather than earnings (esp earnings before tax) the point?
io at 65USD *0.75 = 48.75 USD less say 28USD for break even cost - give margin of $20USD.
20 * 170million tons = 3.4 billion earnings. With over 3 billion shares - you are close enough
to right with $1 a share earnings.
But that earnings is taxed. So investors (or traders like me) don't receive all of it. The tax office gets a chunk.
And some of it (about 60%, 62% last time from the NPAT of 1.222Billion) is retained so it does legitimately increases the value (the share price) of the stock for real long term holders - but the value is retained in the form of mining assets.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
FMG
fortescue ltd
Add to My Watchlist
0.06%
!
$16.34

Iron ore price, page-604
-
-
- There are more pages in this discussion • 23,627 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$16.34 |
Change
0.010(0.06%) |
Mkt cap ! $50.31B |
Open | High | Low | Value | Volume |
$16.35 | $16.49 | $16.31 | $52.67M | 3.217M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 76274 | $16.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.37 | 16100 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 76274 | 16.340 |
2 | 25656 | 16.330 |
5 | 4925 | 16.320 |
3 | 26721 | 16.310 |
21 | 27129 | 16.300 |
Price($) | Vol. | No. |
---|---|---|
16.370 | 15000 | 1 |
16.380 | 67 | 1 |
16.390 | 14762 | 6 |
16.400 | 42399 | 12 |
16.410 | 3240 | 3 |
Last trade - 16.13pm 07/07/2025 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online