No, their aisc is around US$28/t. The breakeven is when the spot price is US$39/t.
At US$50/t they are still making a profit of US$11/t or roughly US$1.815 billion per year.
Management have continued to deliver.
Shanghai has closed 2.5% up and the IO futures have improved since 4pm. The SP should go up tomorrow.
FMG Share Price, page-4
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |