I agree, IO above 130 will encourage lots of new investment by small companies and the market will flood, but below 130 most small miners will struggle to make any profit and can not get any loan to invest in new mines . I am very happy IO to be around 100 to 130 . With this price FMG is printing money as a lower producer of IO and can pay 2 dollar dividend in a year.
FMG is a great investment and has a bright future as a producer of green hydrogen. FMG is Go .
Iron ore price, page-48853
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |