FMG 1.09% $18.60 fortescue ltd

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

  1. 3,125 Posts.
    lightbulb Created with Sketch. 962
    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
(20min delay)
Last
$18.60
Change
0.200(1.09%)
Mkt cap ! $57.26B
Open High Low Value Volume
$18.40 $18.68 $18.34 $157.0M 8.476M

Buyers (Bids)

No. Vol. Price($)
1 10105 $18.59
 

Sellers (Offers)

Price($) Vol. No.
$18.60 17942 8
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.