There is strong historical support at 84/ton, see below.
Source : https://tradingeconomics.com/commodity/iron-ore
Even at this price, FMG will be minting cash with its crazy low C1 cash costs of 18/ton (projected 2023). To be honest, someone earlier on had called Fortescue a "One trick Pony" - what a short term, blinkered view this is.
I have not yet bought in, but its a close finish between FMG at this price and BHP. Aaah the choices we get in life
What's attracting me towards FMG is the potential of FFI - once Twiggy sets his eyes on something, he gets it - watch some of the videos on the history about how this company started and you know what I mean.
There is strong historical support at 84/ton, see below. Source...
-
- There are more pages in this discussion • 5,841 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
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |