FMG predictions by December 31, 2020 - I will say $27.10 a share.
What is everyones else predictions ?
I suppose it really depends on the ore price and its up over $160US/T and heading for highs not seen since 2007-08.
Brazil has cut its forecasts back. China hungry for our ore.
Aust/Brazil both have the best quality ore.
China needs Aust/Brazil iron ore due to all their main mils designed for our ore.
It would take 10 years or more for China to go with another countries poorer quality ore
and why would you do that.
So my thinking is our shares will fly in the coming days.
FMG only has to say we are ramping up production and the stock will go even higher regardless what the ore price is.
Would BHP or RIO try to take over FMG before FMG gets larger than they are.
I see FMG ramping up to 300 million tonnes in the next few years and longer up to 400 or 500 millions tones
an that would see FMG up over $40 a share maybe even higher.
FMG already doing better divs than BHP now.
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FMG predictions by December 31, 2020 - I will say $27.10 a share
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