FMG 4.01% $19.73 fortescue ltd

Iron ore price, page-21613

  1. 3,399 Posts.
    lightbulb Created with Sketch. 1044
    $18???? Keep going mate!

    https://hotcopper.com.au/data/attachments/2179/2179600-fca5ec0159bbdf11844b7bd6eb76c269.jpg

    We have great assets!!!! Between 1 & 2 Tonnes of ore sitting in the ground per share.That means each share should see AU$75-150 of profit over the next 20 years ( at today's rates, and 200mtpa). That's at least $30 of dividends (after interest, tax etc).

    Thats before we expand out 100,000 km2 of tenements and other JVs.
    LONG HOLD!


 
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