FMG report is great. This is one solid company that continues to deliver.
The cost per WMT is incredible and while it has risen over the years, continues to be incredibly low considering inflation is running rampant in the economy. With the price they are achieving on market for their iron ore, FMG is money making.
It is also great to see the Iron Bridge estimates too. This will no doubt continue to generate incredible returns for FMG as it comes into full operation.
The injuries report continues to show a decline in an industry that is no doubt dangerous and with fatalities that often and unfortunately do occur. So well done to FMG for making the work place as safe as it no doubt can be.
Net debt is greatly reduced too, which is all important considering how quickly debt can begin to hurt.
Great effort to the FMG team.
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