JGPM,
That's actually a very significant move.
From my records, the exchange rate is down from 93.4 to 92.03. Its only 1.37 cents, but its $$$ when its translated to IO returns.
At US$80 per tonne, @ 93.4c that's $85.63
and @ 92.03c its $86.93
That's an effective rise of AUD $1.30 per tonne. Or just over $200Mil on the 155MTPA target.
Nev Power said in a recent interview that a drop in the Oz dollar would be beneficial to FMG. He quoted a few profit numbers that would result from an A$ drop, which I have been searching for, for the past hour, but can't find. Does anyone remember seeing him in an interview from Diggers & Dealers, I'm sure it was in that.
JGPM, That's actually a very significant move. From my records,...
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$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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