For those invested in FMG for a long time, how does the FMG sp in correlation of IO prices?
I understand higher the IO prices higher the sp, is it the same when IO prices are lower or during corrections?
Say if for some reason Brazil out of nowhere got a hold of the COVID19 and starting to double the shipment and IO prices fall 15%-20%. Historically, would FMG's sp also fall around 15-20%? If not, historically how does FMG's SP reflect when there are significant falls on the IO prices?
Trying to weighting between risk and rewards here before committing more $$$ into it, not many investments have reasonable returns at the moment.
Sorry for the silly question as I am new to mining company investing............
Iron ore price, page-22985
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$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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| FMG (ASX) Chart |