FMG 3.48% $19.96 fortescue ltd

Sorry for the poor presentation but FMG May have had a massive...

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    Sorry for the poor presentation but FMG May have had a massive qtr.

    Port Hedland reported following shipped (July, Aug, Sep):

    41.9

    45.4

    41


    128.3. - Total exported IO




    61 - BHP production (no sales so may be a slight timing discrepancy)

    14 - Hancock (assumption 56mtpa run rate)

    2 - Atlas (Mt Webber)

    4 - mineral resources (did 3.5mt in 4th qtr)


    47mt would be a back of an envelope call for FMG

    Multiply by 4 and run rate is close to 188mtpa run rate..
 
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