Obviously there's a lot of uncertainty around IO prices and where they will be in the coming years. But I'd love to get some more visibility on how much pessimism is already baked into the FMG price.
Does anyone have a rough idea on how much money FMG might be making if IO prices went down to $55USD and stayed there flat for the next 5 years? I know it's artificial, but I'd love to get some kind of sense of how profitable they'd be at that level. I know their cost of production for IO is a fair bit lower than that, but I know there are also other costs as well, and I don't have a clear picture of how it would all cash out.
Any guidance would be appreciated!
FMG Profitability when IO at $50-60USD?
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Last
$25.43 |
Change
0.670(2.71%) |
Mkt cap ! $77.37B | |||
| Open | High | Low | Value | Volume |
| $25.09 | $25.49 | $24.82 | $84.13M | 3.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 3744 | $25.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.43 | 1688 | 13 |
View Market Depth
| Last trade - 13.16pm 26/04/2024 (20 minute delay) ? |
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Last
$25.41 |
Change
0.670 ( 2.40 %) |
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| Open | High | Low | Volume | ||
| $25.05 | $25.49 | $24.83 | 936693 | ||
| Last updated 13.34pm 26/04/2024 ? | |||||
| FMG (ASX) Chart |