IOP smashed to 72
AISC still 13
margin = U$59 perT ex discount say $45-13= 32
"Fortescue's received price rose by 12.5 per cent to $US45 per tonne in the period as iron ore prices strengthened across the board."
https://www.copyright link/business...count-slims-amid-weak-exports-20181025-h172i6
annual production 170MTpa
FCF = U$5.4Bpa
debt U$4.2B
"Fortescue's net debt was reported as $US3.0 billion on Thursday, down from $US3.11 billion at June 30.
cash U$1.2B"
Net debt free in early 2020
total debt free in 2020
Another $500M BB coming in 2019.
The sustained IOP is creating massive FCF for FMG right now, market doesnt realise how much right now
Shorts are gonners.
FMG Technical Analysis, page-2430
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |