GXY
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yup GXY is nothing like FMGFMG had 2 billion dollar debt in 2015...

  1. Zeeshan
    7,651 Posts.
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    06/11/19
    00:04
    Post #: 41265472
    yup GXY is nothing like FMG

    FMG had 2 billion dollar debt in 2015
    GXY has 170 million in cash

    FMG's cost of production was higher than the price of iron ore in 2015
    GXY is the lowest cost producer in the world and still making a positive margin on its production

    GXY is in much better position now in comparison to FMG in 2015.
    GXY Price at posting: $1.02 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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