Yep. Sep futures have it at USD 104
At the moment, the May seaborne discount for FMG are at about a 9% weighted average to the benchmark price.
It would be fetching now around USD 91 per tonne.
On a look forward basis this is around USD 40 of net cashflow per tonne (after income tax), which would be about USD 560m per month assuming sales of 14mt per month.
Given the AUD is at 0.69, this is AUD of about 800m per month.... or 26.5c EPS per month looking forward.
With the dollar being so low as well, its C1 costs would be a bit lower than budget as well as these are stated in the financials in USD but much of these costs would be in AUD. (Don’t need as many USD to meet AUD c1 obligations)
Iron ore price, page-12606
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |