Final dividend likely to be at least $2.25 a share now
FMG always does about a 15% discount on the iron ore price what ever it is.
January to March 31 the real average was about $160US/T where FMG sold it at $143US/T.
Iron ore hovering between $170US/T to $200US/T or high their selling price might be about $170US/T.
Even so the dividend likely to be at least $2.25 per share maybe as high as $2.50 per share.
Rivers of red gold and soon we'll have rivers of green hydrogen which is expected to bring
higher profits that the iron ore and then go add green steel to the mix in the next 5 years.
China may well get its iron or elsewhere but by then we'll be making green steel to sell to the globe
and I think the countries dealing with China would drop them for Australia.
Final dividend likely to be at least $2.25 a share now
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