It can't get to $55 because nobody would be earning cash, so nobody sells IO and nobody can make steel.
I wonder what a world would look like if we suddenly didn't have any steel.
As FMG can deliver at lower cost than others they could be at least the 'last man standing'.
FMG Profitability when IO at $50-60USD?, page-57
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Last
$21.88 |
Change
-0.530(2.37%) |
Mkt cap ! $67.62B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.82 | $44.73M | 2.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 575 | $21.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.89 | 3721 | 16 |
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| Last trade - 12.26pm 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |