FMG 1.10% $19.76 fortescue ltd

Iron ore price, page-26570

  1. 2,136 Posts.
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    hey karasco, I've estimated FMG will receive USD$115 a tonne (for the Half-Year to 31 December 2020).

    Interim Dividend to be AUD$1.50 a share.

    FMG6 months production: 90 million tonnes

    Averageprice received: Say USD$115 a tonne

    FMG'All in' cost: USD$45 a tonne (incl. C1, interest, depreciation)


    Net Profit: USD$6.3 BILLION

    AUD/USDExchange Rate: $0.73c


    AUD Half-year Interim Profit: AUD$8.63 Billion

    AUDTax Paid (@30%): AUD$2.59 Billion

    NetProfit available (for Interim Dividend distribution): AUD$6.04 Billion

    InterimDividend @ 77% payout ratio (i.e 77% of $6.04 Billion) = AUD$4.65 Billion … or$1.50 a share


 
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