FMG 2.64% $17.70 fortescue ltd

Why is the SP at $1.82 then, the market must be mad! Jokes of...

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    Why is the SP at $1.82 then, the market must be mad!

    Jokes of course, the above analysis with the $10~ish per tonne margin doesn't consider taxes and any potential sharp down turn in demand (e.g chinese recession). Where is the profit margin if no one buys the stuff.

    Be careful with the wishful thinking all. DYOR
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