Mate why is FMG expensive relative to BHP & RIO? Care to back your statement up with any actual facts? Would love to hear them!
Why do you assume a falling iron ore price is reasonable? The price has held rock solid at over $170 a tonne despite every second idiot screaming that it's going to plummet to $80 in a coupe of months.
China and rest of world demand isn't going anywhere - except up!
Vale increasing their output is laughable.
And the idea that China will be buying iron ore out of Africa before 2030 is a joke!
Iron ore price, page-30192
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Last
$20.35 |
Change
0.590(2.99%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $19.91 | $20.50 | $19.90 | $172.3M | 8.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7799 | $20.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 1175 | 2 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |