FMG 1.20% $21.41 fortescue ltd

6 weeks left till end of year, page-2

  1. 5,760 Posts.
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    is the 155tonnes a magical figure.it sounds a lot,but the production costs are very high,so what happens if at best the status quo remains with chinese demand,the big players are increasing production incredibly fast at a much lower production cost.
    basically fmg is then a spent force,especially when it tanks to the holding money at$4.40.
    it must be obvious even to yourself,that these price swings are not evident with our major producers of ore,not because of so called ill informed analysts,but bleedin" obvious statisics.
    cheers crazypunter
 
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