iron ore price, page-1382

For those worried about the long term prospects of fmg, I would say hold or even buy at this price because when you look at their book value over the last 7 years has been increasing quite steadily..very rarely seen in a top 50 company..this is more a property of a growth stock (small cap)

For those worried about debt, I urge you to have a look at the net interest cover and also debt over the years..this has been decreasing over the years and they are earning way more money than they can pay in interest so debt is not even an issue at the point DESPITE the drop in IO price...if this is not a strong company what is bringing in the profits?