FMG should be worth $4 at present just in its infrastructure and forward cashflow projections, once debt is paid down considerably, and the iron ore price stabilizes which will occur in the next 4-7 years, the share price will be trading in a range of $8 -$11 plus. AF will be ready for retirement and might contemplate selling out at the top to Chinese, living happily and very comfortably in retirement with his increased billions.
Iron Ore Price, page-213
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Last
$19.74 |
Change
0.765(4.03%) |
Mkt cap ! $59.57B | |||
| Open | High | Low | Value | Volume |
| $19.11 | $19.76 | $19.11 | $119.1M | 6.149M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1945 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.74 | 3500 | 7 |
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| Last trade - 15.14pm 10/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |