Iron ore price, page-53452

Been saying it for a while now. Anything from $1.08 to $1.25
It all depends on what ratio they do it on.
It can be anything from 50% to 80% of profits for the dividend.
Last dividend it was on 65% of profits which gave us $1.08
They've sold more IO in the last 3 months at 53 million tonnes which is
a new record for a 3 month period.

They have more port access to sell more IO.
FMG also sold some of the FFI projects.

The IO price from January to June 30 was higher than the previous 6 months
which gave us a $1.08 dividend.

Its why I think its at least $1.08 and could be as high as $1.25
It all depends on the ratio they work it on.

I do recall one year it was 80% of profits. So we all guess at what it might be.
Some say at least $1 while others might say $1.20