Back of envelop, $85 (62%)
Its amazing how many people do this, and ignore the numbers in the official annual report.
Are you saying that an army of accountants employed by FMG, - under pain of massive penalties if caught lying, - are wrong, and a back of the envelope calculation is right? Rubbish.
I think those who are predicting FMG having any problems at all are way off beam. What do you say to Vale's well publicised forecast (again today) of a return to $100? Is that rubbish too?
Both VALE and FMG have an army of contacts in China, and know way more than any of us could dream of.
Iron ore price, page-162
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Last
$17.36 |
Change
-0.130(0.74%) |
Mkt cap ! $53.29B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $104.0M | 5.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7789 | $17.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.36 | 1567 | 13 |
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| Last trade - 14.10pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |