I might be mistaken, but my assumption is that their production cost (say $13 per wet metric tonne) does not include the shipping cost (and there will be other costs as well), so I don't think it's as simple as just subtracting their production cost from the IO spot market price. That's why I'm asking for those who have a better understanding of the other costs involved that would affect profitability.
FMG Profitability when IO at $50-60USD?, page-9
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |