FMG 1.87% $20.40 fortescue ltd

+ $4 on the cards, page-5

  1. 194 Posts.
    tell me if i'm wrong here:

    1) with IO @$136 FMG is making about $50/tonne profit?
    2) current shipment rate of 100mt/year is approx 0.27mt/day
    3) profit per day = $13.7m. profit per month = $411m. annualised profit = $4.9b
    4) current market cap $11.9b

    Clearly, clearly, this stock rockets this year unless IO tanks. I think that's something we can all agree on.
 
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