FMG 2.89% $16.82 fortescue ltd

Iron ore price, page-31756

  1. 11,123 Posts.
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    Hi Irynka,

    You are so correct. FMG is so undervalued.

    H1 FY21 - revenue US $9.3 billion with average IOP less than $130. Should H2 FY21 projected revenue fall around US $13 billion with IOP at these record levels at an average range of $175-180 that's close to an additional US $4bn! This is about $13 short of of where the share price should be at fair value. Such a disconnect. What an opportunity folks. Any move into the renewable space and brace yourselves.

    Tony


 
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