I have a prediction. In the long term IO will see USD50 again and it will also see USD200 again. And nobody in the whole world let alone on this forum can predict when. All the posts on this forum saying that IO is going up or down are just guesses but history and the iron ore cost curve give us a good guide to the trading range long term.
Its a good idea to factor in both scenarios when assessing the company value for FMG.
Iron ore price, page-49623
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Last
$19.28 |
Change
-0.215(1.10%) |
Mkt cap ! $59.48B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.55 | $19.26 | $63.50M | 3.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 8897 | $19.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.28 | 14911 | 40 |
View Market Depth
| Last trade - 15.56pm 04/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |