I really don't get the point you are trying to make or can make much sense of your post.
If I take a stab, of course with a record high IO price, FMG is not going to trade at a low dividend and high PE, it probably won't for another couple of years at least.
That's the resources cycle and that was my point.
Iron ore price, page-33534
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$21.92 |
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Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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