FMG 5.04% $17.50 fortescue ltd

Ann: June 2015 Quarterly Production Report, page-47

  1. 2,910 Posts.
    lightbulb Created with Sketch. 191
    Where is the ambiguity?
    Simple calculations, breakeven at ~39, realized price of 52, a $10-13 margin/t. They produce 40mt, so the cash position improved by 400m that quarter.
 
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