Iron ore price, page-24596

Yep, I called $5B cash on hand by 31 Dec 2020, pretty spot on there.
Ive called Cash of $8B with debt of $3B as at 31 Dec 2021

The net cash ratio is escalating monthly.
FMG has no choice but to buyback shares at any price, issue higher divys and spend on infrastructure, buyout rivals.

Too bad they caved easily to Gina on AGO for a small profit, that could have been a multibagger 4.5c to 30c & remained listed with FMG as a 20% holder and $2B investment with large resources all around,
Wheres Gina's thanks now?

If AGO was bid for now no way would FMG give up that farm for a small profit.

Expect sharp large buybacks, sharp divy increases and new building works.
They should build a medium refinery and start producing stainless steel for export, why should BHP Bluescope Chinese only do refining. They will need chromium manganese & nickel mines/supply.

Stainless steel is an iron alloy with added elements such as chromium, nickel, silicon, manganese, nitrogen and carbon. The properties of the final alloy can be fine-tuned by altering the amounts of the various elements.

thats the completion of the full circling of the vertical integration loop.