I think you're both right, one is useful for calculating dividends, the other is useful to see at what stage we become profitable.
We have mining costs of $34 + sustaining capex of about $6. (things like FFI & Admin can be stripped right back. FX loss doesnt really count)
So if IO collapsed and we have a break even cost of about $40
Dividends are all about NPAT which takes into account a lot more, like D&A, Tax etc
Iron ore price, page-41783
-
- There are more pages in this discussion • 11,941 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.16 |
Change
-0.080(0.44%) |
Mkt cap ! $55.91B | |||
| Open | High | Low | Value | Volume |
| $18.43 | $18.45 | $18.16 | $96.94M | 5.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7669 | $18.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.17 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |