FMG 1.09% $18.60 fortescue ltd

I'll challenge that! $90 is reasonable considering Chinese &...

  1. 3,125 Posts.
    lightbulb Created with Sketch. 963
    I'll challenge that! $90 is reasonable considering Chinese & world growth.....

    Firstly you need to decide who's cost curve you follow tongue.png
    If costs are $85/t, miners will want profit.... otherwise no investment, say $10 profit/t, puts us up to $95/t.
    i think we could easily increase the long term point to $100/t, maybe $120 if we're lucky.

    There is not much talk of large CHEAP mines coming online.
    2011:
    https://hotcopper.com.au/data/attachments/3354/3354445-30de1c55b96efc52c4c1f51c602ecdcc.jpg
    2013:
    https://hotcopper.com.au/data/attachments/3354/3354423-cca2d28a104945e07fa3928a6f3f70bc.jpg
    2016:
    https://hotcopper.com.au/data/attachments/3354/3354486-afbc17d6d9f430384f5ec3eec2b42f46.jpg
    2018:
    https://hotcopper.com.au/data/attachments/3354/3354502-86902192d117c212eb51ab4c7cb3c5eb.jpg
    2020:
    https://hotcopper.com.au/data/attachments/3354/3354454-df1cd38426f3c57ae20aa3b1bd3b2ba2.jpg



 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.