FMG 2.89% $20.68 fortescue ltd

Iron ore price, page-48504

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    lightbulb Created with Sketch. 1039
    62% contract pricing for the half is about $100/tonne, we get about $85 after discount.
    https://hotcopper.com.au/data/attachments/4904/4904140-974cbeab5ee69c6b52db9c24697ad69c.jpg

    H1FY22 the average received was $96/t and dividend was 86 cents....
    Costs have gone up a bit, but we've shipped a little bit more too.

    Dividend of 80 cents is a safe bet.
 
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