FMG 1.25% $21.77 fortescue ltd

FMG Profitability when IO at $50-60USD?, page-28

  1. 34 Posts.
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    I'm honestly fascinated that you would be so short sighted as to base your investment decisions purely based on current earnings, without taking into account a very possible downswing in the commodity price that FMG is entirely dependent upon.

    To be clear: I'm not so daft as to suggest that IO prices certainly will go that low in the next 1-3 years. But I'm also not so daft as some in this thread who seem to think it couldn't possibly go there!
 
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