Hi team12, Your analysis is sound but you must remember that FMG's all in cost is approx US$37 a tonne (inclusive of other expenses like interest, depreciation, etc).
With the iron ore price hitting over US$116 last night it means even more cash flowing into the company's bank account on this last day of the 2018/19 Financial year.
The Full Year profit result is being announced on 26 August 2019 folks - and its going to be BIG!!!!!!!!!!!!!!!!
FMG generating profit of AUD$300 million a WEEK., page-11
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| FMG (ASX) Chart |