More like US$200 for Supergrade at todays prices.
So FMG get $US105 for 58% with a delivered cost of say $55 which HIO should come close to matching given the soft ore and pipeline saving rail fees despite the processing costs. That gives FMG a US$50 margin per ton. HIO would get US$200, giving them a US$145 margin, 3x more than FMG. This is the equivelent of mining 60MT of 58% with A$5.7B revenue and an operating margin of A$4.7B! Wow this is mindblowing, certainly on track for divi's far greater than todays share price in just a few years.
This just one small step for HIO but a giant leap for us shareholders!
More like US$200 for Supergrade at todays prices. So FMG get...
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Last
2.8¢ |
Change
0.001(1.85%) |
Mkt cap ! $27.24M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.7¢ | $48.48K | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1237899 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 466003 | 4 |
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| Last trade - 15.12pm 28/06/2024 (20 minute delay) ? |
| HIO (ASX) Chart |