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.
Hey smxtimes, FMG's share price could well be $20 by year end......
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |