FMG 1.71% $18.41 fortescue ltd

FMG gonna go broke?, page-35

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    lightbulb Created with Sketch. 8
    Tonne of Potatoes: $280
    Tonne of Onions: $370
    Tonne of Beans: $1332
    Tonne of Lettuce: $950
    Tonne of Tomatoes: $843

    Tonne of Iron Ore: $44
    Tonne of Steel: $568

    At the end of the day, Fortescue is selling dirt for next to nothing to China to turn into Steel to sell for less than Lettuce.

    This is one messy scenario and will likely be laughed at by advanced humans 100 years from now.
 
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