from what i have seen FMG is expected to produce 55mt of iron ore this year, at a profit margin of $71 per tonne (recent newspaper article). so 55mt x $71= $3.905b EBIT
So EBIT x 7 = $27b market cap.
FMG have stated they expect to go to 200mt over the next 2-3 yrs, so thats where the higher market cap figures come from.
again these numbers are expected figures, what i would like to know is how many more shipments have been made since the first one?
i would like to short FMG but not until it looks like the resource story has been busted.
from what i have seen FMG is expected to produce 55mt of iron...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |