FMG was a high cost producer with massive debt (net debt ~$8.8B), when iron ore price fell to US$39/t, they didn't make any profit as their break even point was 62% iron ore price of US$39/t. If iron ore price sustained at that price, or as GS predicted stayed under US$39/t, FMG would be struggled to survive.
There're nothing identical, but I assessed many factors of different companies, at some extent, there're always comparable, so make your own research and conclude your own mind.
At end of the day, we are just dribbling here, it's a public forum, everyone is free to express personal views.
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| Open | High | Low | Value | Volume |
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