What is FMG worth if iron ore drops to $50 or less? I’d guess $8-12 Or less? Long term, life of the mine will be less and iron ore price will be low. Either of which, I’d say FMG will be conservative with their dividends knowing iron ore is a cyclical commodity. All imo.
Iron ore price, page-35262
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$22.10 |
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Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
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| Price($) | Vol. | No. |
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