Iron ore price, page-50891

I think there is a couple of good reasons why FMG has higher prices than even 2021.

1st Iron ore prices in 2021 were seen to be high only for a short time and the expectation was by some that the IO price would go back to recent (2015 -2018) lows of around 50 to 60USD per tonne.

Now since then we have seen IO bouncing off lows of around 80 to 90USD where it seems that is more likely the new bottom price. Meaning less people with every year that passes expect to see 50 to 60USD prices per tonne.

2nd now that Iron bridge is completed we will have less costs flowing out. We have increased out equity in the business (that will increase share price) by having a majority share in this new production facility (mine).

And we expect our total product line to have an increase in tonnage per year as well as higher quality produt on average.

You can also say because we spend money on buying or building the new potential sources f income. (Maybe... green hydrogen) those assets now have equity value.

I hope this helps to explain for most of reasons why FMG share price is increasing.

One more thing. We forget about inflation. A 25 dollar share price in 2021 is not the same as a 25 dollar share price in 2023 (purchase power).

Have a great day.