Hi team12, Your analysis is sound but you must remember that FMG's all in cost is approx US$37 a tonne (inclusive of other expenses like interest, depreciation, etc).
With the iron ore price hitting over US$116 last night it means even more cash flowing into the company's bank account on this last day of the 2018/19 Financial year.
The Full Year profit result is being announced on 26 August 2019 folks - and its going to be BIG!!!!!!!!!!!!!!!!
FMG generating profit of AUD$300 million a WEEK., page-11
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.33B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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