Hey defabs, I'd happily take an iron ore price at USD$97 for eternity!
Based on USD$97, check out the following profit calculation:FMG annual production: 170 million tonnes
Iron Ore price: USD$97 a tonne
FMG average price received: Say USD$87 a tonne
FMG 'All in' cost: USD$45 a tonne (incl. C1,interest, depreciation, etc)
Net Profit: USD$7.14 BILLION
AUD/USD Exchange Rate: $0.685c
AUD Annual Profit: AUD$10.43 Billion
AUD Tax Paid (@30%): AUD$3.13 Billion
Available for Dividend Distribution: AUD$7.3Billion
Full year Dividend (60% payout ratio): AUD$4.38Billion … that’s $1.42 a share!!!!!!!!!!!!!!!!!
Iron ore price, page-16234
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Last
$22.57 |
Change
0.465(2.10%) |
Mkt cap ! $68.93B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.59 | $22.22 | $34.71M | 1.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 6902 | $22.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.57 | 919 | 5 |
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| Last trade - 12.20pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |