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.
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IOP smashed to 72 AISC still 13 margin = U$59 perT ex discount...
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B |
Open | High | Low | Value | Volume |
$21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 705 | $21.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.88 | 1359 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 705 | 21.850 |
2 | 20100 | 21.840 |
2 | 300 | 21.830 |
4 | 3590 | 21.820 |
2 | 5100 | 21.810 |
Price($) | Vol. | No. |
---|---|---|
21.880 | 1359 | 3 |
21.890 | 6666 | 1 |
21.900 | 13184 | 3 |
21.920 | 13879 | 3 |
21.930 | 29565 | 3 |
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