Iron ore price, page-26203

but are you aware that to achieve the $1 six monthly dividend only required Iron Ore price of $93?

and are you aware that a $1 fully franked dividend every 6 months equals $2.86 per year including franking.

and that the share price could go to $28.60 and still return a 10% after franking dividend return to share holders, and we only require a $93 average Ore price to achieve that.

So, even if iron ore price lost 1/3 of its current value a $28+ share price could still be justified, so massive Iron Ore price falls are already priced in, so people that buy today are over paying, they are getting a stock who has a large safety margin built in if Iron ore price falls, but with massive upside of it doesn’t drop back soon.

not to mention that other miners sell at dividend yields of around 5%, so even a $28 share price is massively under valued.