I don't get your point, it's expected IO prices are going to $70 - $80 and if it does, as expected, it doesn't change the valuation of IO stocks at all.
At $70 FMG gross profit would halve. But you claim the valuation wouldn't change. That's of the most nonsensical claims I've ever read on HC.
Iron ore price, page-47733
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |