FMG 3.61% $20.10 fortescue ltd

In relation to my estimate posted almost a monthago, my...

  1. 2,161 Posts.
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    In relation to my estimate posted almost a monthago, my prediction was $1.50 with a possible variation of 5c in each direction.

    In a way to find the average IOP for the past6 months, it is not a big deal, but I would like to pay your attention to the followingcompany statements from their previous reports:

    Q1FY22 report of 28/10/21

    Average revenue ofUS$118/dry metric tonne (dmt) represents revenue realisation of 73 per centof the average Platts 62% CFR Index and contractual realisation of 77 per cent

    Q4FY21 report of 29/07/21

    Record averagerevenue of US$168/dry metric tonne (dmt) forthe quarter, realising 84 per centof the average Platts 62%CFRIndex,and US$135/dmtforFY21

    Also it is notclear exactly what is the full production cost. Previously it was ~US$40/ton.

 
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