Show me anyone who lives off their dividends who would not be...

Show me anyone who lives off their dividends who would not be happy with a 10%+ dividend return with the bonus of a far higher SP and dividend when the higher grade IO comes on stream and all the FFI MOU and joint ventures start to add to bottom line. IO does not have hit previous highs, it only has to maintain around $100 per ton on average to pay around a $2 per year dividend. Those oversize dividends while they lasted were great to get down everyone's average buy in and to reinvest the dividends back into FMG or other blue chip divi plays.

Who in their right mind would think I am going to exit a high return stock, pay capital gains and put it in a term deposit at less than 1% return. Your capital will be worth the same 10 years down the track with the rising cost of inflation devaluing its worth over that time. Do you honestly think over the same time frame a investor or retiree living off their dividends would better off out of stocks like FMG and putting into a term deposit thinking that would be the wisest move to make ?