FMG 0.93% $22.41 fortescue ltd

Iron ore price, page-34213

  1. 3,019 Posts.
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    Its complicated.
    C1 is about $1.3B, if USD is stronger, I think that should go down, if Aussie is up, that cost should go up. Wages are paid in AUD, but about half of that will be things like diesel & machinery which are probably paid in USD anyway.

    This half year is about:
    • $12.4B Revenue
    • $6.7B NPAT (wow thats actually 50%!)
    • $5.36B USD paid in dividends. $2.24
    • Each 1c FX equals about 1.73c extra dividend per share
    • Add a little extra for C1 gains....
    I'd say 1c FX equals 2c dividend extra for this half.
    But don't forget that is already baked in.
 
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