There was only $1/t difference in feasible & actual last quarter, so nothing's differed here... all in costs (AIC) were around $100usd/t which incl. all costs even including capex...
With 45% production hedged at $160usd/t from OCT... that covers almost rest of the 55% production costs.... So from OCT even if iron ore averaged mere $75usd/t for next 12months, FEX will still make $30mil profit during that time, that figure rises to 50mil if we averaged $100usd/t. & 85mil at current iron price.. So if iron ore dropped below $50usd/t thats when we will start loose money... Management done a great job with hedging, next 12 months FEX seems a safe bet unless something really sinister happens... dyor
Cheers
FEX Valuation, page-329
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $352.2K | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 342515 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 89917 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |