biggest advantage with FMG is lowest C1 cost while biggest negative of FMG in my opinion are - Fe 58% grade Iron Ore deposit, FFI without disclosing possible return on investment at the moment and lack of diversification to other minerals ..... IMO.
So far in 2021 they spent $120m, in 2022 they spent USD $534m and next year going to use $USD 600m - $700m so around $654m spent and another $600m they are planning next year so around $1.2b but so far no figures provided on return on investment or when will the return starts or when will FMG stop paying for FFI or what is the upper limit spend for FFI.. IMO... shareholder should be demanding figures on return of this much spend ... IMO.
Ann: Quarterly Production Report, page-11
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$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| FMG (ASX) Chart |