yep great article
I really have a good feeling about where fmg is going.
I don't want to up ramp so I wont state my upper end estimate of were this stock could sit in 3-5 years
but seriously I get a strong feel that once this buy back kicks in, grade discount narrows a bit further, iron ore prices hold, a little bit of higher grade ore comes on in a few months we could easily see a 5 handle in 4-6 months.
Then we have eliwana in a year or so, bear in mind this could be brought on early if they really dig in, could add another 1-2 dollars to share price
out from there if we see some left field announcement like a new discovery then that could add 2-3 bucks to the share price very easily.
like ive said many times before this is just a no brainer, buy now set your stop loss and enjoy the ride.
upside is well and truly more than any downside.
good luck to holders
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B |
Open | High | Low | Value | Volume |
$19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4673 | $19.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.76 | 31740 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 19.730 |
1 | 1000 | 19.700 |
1 | 3000 | 19.680 |
2 | 1552 | 19.650 |
1 | 5000 | 19.630 |
Price($) | Vol. | No. |
---|---|---|
19.800 | 2133 | 2 |
19.830 | 750 | 2 |
19.850 | 150 | 1 |
19.870 | 2200 | 2 |
19.880 | 3834 | 3 |
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