FMG 5.31% $19.27 fortescue ltd

Iron ore price, page-54409

  1. 467 Posts.
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    The more negative posts I see the more I am likely to buy in. I do not think we will see a drop in the share price as low as5 dollars. Why?

    Inflation. 5 dollars in 2017 is definitely not worth the same today. The company has assets and those assets will be worth more. Then we have 2 additional mining operations that were not around back in 2017 or 2018.

    Iron bridge is a massive asset for example. Capital invested into it in the last 6 years from out profits.

    Less overal debt is held compared to 2017 or 2018.

    I feel assuming at least marginal profitability. That could be as low as 60USD per tonne prices. Then I do not think it would drop below 8 dollars.

    At around 90 USD per tonne the FMG price should not go below 12 or 13 dollars.
 
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