Disagree.
If you do a sensitivity analysis it will show IO price to have the highest correlation to profitability and hence share price.
Selling extra tonnes at low profit margin have little impact.
At current IO prices a 1% move in IO price results in a 3% profit variation.
Iron ore price, page-53789
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Last
$17.45 |
Change
0.255(1.48%) |
Mkt cap ! $53.95B | |||
| Open | High | Low | Value | Volume |
| $17.34 | $17.56 | $17.13 | $82.85M | 4.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 14932 | $17.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.45 | 4404 | 27 |
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| Last trade - 14.48pm 17/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |