@Ikazo
FMG lowest cost producer or did you conveniently leave that out
So what? FMG sell low grade IO which sell at massive (~30%) discounts. So FMG has far less margin that high grade producers like Vale.
At 'normal' $80 prices FMG it is only making about $60 which is only $15 margin. That means a share price of around $6-7.
Ann: September Quarterly Production Report, page-59
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |