Iron ore price, page-52883

I am of the view EFT has no shares at all and is simply jealous of us that have shares.
He was saying not long ago IO would drop to $50US/T and FMG would drop top $15 a share.

The dividends for FMG is just about the best ion the ASX where they put 50% to 80% of profits into dividends.

Next years dividends going to get up past $1.25 due to far more iron ore they'll be selling along with
more FFI sales.

FMG has port permission to go from 182m/T to 210m/T for the next financial year.
That extra 28 million tonnes will make a difference to the dividends.

I think the next one as it is for late September will be anything from $1.08 to $1.25
They've had good sales with FFI products of late too.

The next few months I see FMG going past $26 a share.