$8 of FMG's share price currently has no basis, I'd say the market is generous in pricing in a lot of potential future value, the NAV of current projects is only $12... that's $8 worth of value that needs to be filled via exploration or whatever else, on a ex-div basis.
Iron ore price, page-35226
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Last
$22.37 |
Change
0.265(1.20%) |
Mkt cap ! $68.93B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.46 | $22.22 | $18.20M | 813.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 11860 | $22.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 1072 | 5 |
View Market Depth
| Last trade - 11.22am 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |