@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
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |