FMG 2.89% $16.82 fortescue ltd

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  1. 726 Posts.
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    I concurr with PB.
    We already know the result from the Jan-Mar 1/4 production and average realised price.
    This 1/4 is stronger and always a strong production period,will be circa 50MT hopefully.
    The AUD may average 0.71 and the IO is tracking higher and arp could be 115USD,if we have a strong June.
    The biggest variable will be the % returned to us(between 50 and 80 %).
    I hope for 80,but suspect it will be only 70%.

    Gordy
 
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