FMG 0.18% $21.86 fortescue ltd

From Credit Suisse, page-14

  1. 13,783 Posts.

    FMG is $10B mcap at $3.40

    IO ASIC cost = $70au - IO price = $90au

    margin = $20

    180mtpa x $20 = $3.6B profit .

    $10B x $3.6B = pe 3
 
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