From what I gather,
- 80% of profit is their target for dividends,
- 10 % to other growth opportunities such as Gold, or Copper
- 10% to Fortescue Future Industries - Hydrogen power, Ammonia power cells for ships etc and whatever other Tesla like things they forsee
From the half yearly presentation Page 17
Growth
Intention to allocate 10 per cent of
NPAT to fund renewable energy
growth through FFI, and 10 per cent to
other resource growth opportunities
Don't know about what others think, but 10% of net profit is roughly 1 BILLION per year for FFI to dream up things and Another BILLION for other growth opportunities to diversify
To me... That's a sh*tload for any company to be able to spend on things and will no doubt make a huge difference
Iron ore price, page-30879
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