Quick snapshot of where I think we are, just an approximation. If IO hold at $140, should be a large second half dividend of $1.89ish.
Fair value back at $22.00 for mine. But honestly, I think the future outlook for commodities is much stronger than the market is currently anticipating. We make continue to get these short term fluctuations, but long term I think the upward trend in this cycle has us heading much much higher. Short term target of $22.00 but long term we could be be pushing double that.
Iron ore price, page-44203
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Last
$22.07 |
Change
0.245(1.12%) |
Mkt cap ! $67.18B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.85 | $28.31M | 1.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1720 | $22.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.07 | 1920 | 11 |
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| Last trade - 10.44am 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |