FMG 1.62% $21.92 fortescue ltd

I cant say I'm even surprised to see the share price at $9.10...

  1. 2,103 Posts.
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    I cant say I'm even surprised to see the share price at $9.10 ... this company is a cash generating machine.

    With annual production of 170 million tonnes, iron ore price at US$155 a tonne, and the AUD/US at $0.70c - FMG is generating a profit of AUD$300 million A WEEK!!!!!

    Wait till they announce the Final Dividend in August. This baby will be $10+
 
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