Filo, under this scenario ($50 or less) then I won't be in any IO stocks.
A more realistic but still bearish scenario is this for 1H 2022 - IO returns to but stabilises at US$120/t as it was during Sep - Nov 2020.
At this price last year (Sep-Nov) FMG traded at $16 - $17.
No one can predict this but it is plausible.
However, FMG is such a low cost producer that it will always pay a good dividend relative to the share price (ie. low PE ratio).
I will always regret not buying here at $4 in late 2018.
Iron ore price, page-35263
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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 |