FMG 1.39% $19.22 fortescue ltd

Get out now, page-16

  1. 4,015 Posts.
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    Hi Flip

    I may be mistaken, but i think you have forgotten about depreciation. This will be in excess of $1B in FY2015.
    Also, you have to account for the fact that the pre-payment receipts are coming to roost in FY'2015. In current liabilities we have $825K of Iron Iron deliveries for which we will get zilcho.
    At current prices, FMG is getting scary.

    Regards

    Pear
 
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