Rumbai, your assumptions are not correct as the $73 all in costs FMG produce at are based on the 62% Fe price and already includes the discount they sell for.
So if IO falls to $100 they still make $27 per ton or around $4.5 billion.
Morgan's analysed this scenario and I posted their comments so suggest you get your facts right before posting!
io is up $1.11, fall in the price is temporary, page-21
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Last
$21.90 |
Change
0.310(1.44%) |
Mkt cap ! $66.76B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $21.95 | $21.58 | $82.68M | 3.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5602 | $21.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.91 | 1923 | 11 |
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| Last trade - 12.54pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |