I like you're honesty, but still think $18 is definitely fair, actually very undervalued.
Market looks forward, we're doing 200+ Mtpa soon, will probably get 88% of 62%platts, capital will reduce to say $1.5B/y
Even if the IO price drops from US$120 to US$50/t, dividend will still be 70c/year, which is a yield of 4%, better than most of the market.
I doubt the IO price will spend much time below $50USD much in the next 20 years.
I've averaged up to $4.39, only 1 dividend payment of $1.01 in 7 months away from free carry.
BUY IF YOU CAN!
Big Dividend will set FMG apart from the rest ., page-119
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 13926 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |