True.....although FMG was shipping ~55Mt a year at that stage into a growing China boom, at a much lower C1 cost.
Now instead of a giant China boom, its flattening to declining China and structural oversupply, with IO prices forecast at about $95 this year and high $80s next year as Simandou ramps up.
Very different 'debt and ramp up' periods to be in. Much prefer FMG's time in the sauna in the early teens.
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Last
$22.54 |
Change
-1.140(4.81%) |
Mkt cap ! $4.653B | |||
| Open | High | Low | Value | Volume |
| $23.21 | $23.21 | $22.50 | $15.03M | 658.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23 | $22.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.57 | 1493 | 6 |
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| Last trade - 10.26am 18/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |