FMG 1.27% $21.76 fortescue ltd

Ann: September Quarterly Production Report, page-16

  1. 849 Posts.
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    It's a good production result but they are copping a heavy grade discount for their product. This was to be expected but the grade discount surprised me in just how big it is. I have always worked on a 15% rule of thumb discount but this discount is much higher (27%).
    IBO being commissioned will make a big difference since 8t is a premium product (67%).
 
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