Who knows what is the right IOP? The market will decide based on the supply and demand.
It is obvious that the IOP can’t be low too as there are IO producers which will stop IO production based on low IOP(MGX is a very recent example). But we do know that FMG total production cost is one of the lowest in the world and obviously this company will be profitable at any reasonable IOP.
Iron ore price, page-38876
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |