That's completely flawed.
You're comparing the returns from an equity position (which has high risk, no not FMG, the entire market) to a cash return that is effectively risk free.
Stocks typically have 10-12% cost of equity. You can't use a cash like rate on a stock.
Iron ore price, page-830
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Last
$23.18 |
Change
-0.245(1.05%) |
Mkt cap ! $71.60B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.16 | $18.97M | 800.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 7567 | $23.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.18 | 3771 | 21 |
View Market Depth
| Last trade - 11.14am 14/06/2024 (20 minute delay) ? |
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Last
$23.16 |
Change
-0.245 ( 0.82 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.13 | 161005 | ||
| Last updated 11.34am 14/06/2024 ? | |||||
| FMG (ASX) Chart |