Mate why is FMG expensive relative to BHP & RIO? Care to back your statement up with any actual facts? Would love to hear them!
Why do you assume a falling iron ore price is reasonable? The price has held rock solid at over $170 a tonne despite every second idiot screaming that it's going to plummet to $80 in a coupe of months.
China and rest of world demand isn't going anywhere - except up!
Vale increasing their output is laughable.
And the idea that China will be buying iron ore out of Africa before 2030 is a joke!
Iron ore price, page-30192
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$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |