Hi Convexity. Thanks so much for the detailed comparison. It makes sense that Rio is the thoroughbred of the industry it has been that way for a long time.
A few thoughts to ponder though.
Iron Bridge gives tonnes at a higher cost but a premium grade. It is not a straight cost increase per tonne that is not an apples for apples comparison.
Also, Andrew Forrest is one of Australia's all time great business people. Shares in FMG give us an opportunity to join him. At the end of the day it is the quality of the people in a business that matters more than anything else however analysts don't value that but I do.
I have shares in both Rio and FMG so have no preference however it's an interesting valuation comparison.
Iron ore price, page-35228
-
- There are more pages in this discussion • 17,748 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |