Hey smxtimes, FMG's share price could well be $20 by year end... that's when the Eliwana Mine begins operations:
Fortescue’s US$1.275 billion Eliwana Mine and Rail development includes 143km of rail and a 30mpta dry OPF.
The project underpins the introduction of the 60.1% iron grade product, West Pilbara Fines, and will maintain Fortescue’s low cost status, providing greater flexibility to capitalise on market dynamics while maintaining our overall production rate of a minimum 170mtpa over 20 years.
The Eliwana project will build on Fortescue’s development and construction capability, utilising the latest technology, autonomous trucks and design efficiency.
Iron ore price, page-22647
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Last
$17.03 |
Change
-0.290(1.67%) |
Mkt cap ! $52.61B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.83 | $134.5M | 7.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2092 | $17.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.04 | 3808 | 13 |
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| Last trade - 12.25pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |