Nope. Assuming only magnetite is made into green steel....
let's say Iron Bridge is 20mtpa, next mine will be another 20mtpa... 40mtpa at $100 profit per tonne is another $4 billion profit per year. not game changing but healthy add to the bottom line.
also I doubt we will own most of that 50mtpa of H2, going to be a lot of JVs, so $200 share price would be on the high side IMO
Iron ore price, page-48736
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Last
$24.12 |
Change
-0.200(0.82%) |
Mkt cap ! $74.26B | |||
| Open | High | Low | Value | Volume |
| $24.34 | $24.35 | $23.96 | $172.3M | 7.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $24.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.12 | 84698 | 5 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$23.99 |
Change
-0.200 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| $24.34 | $24.35 | $23.96 | 831019 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| FMG (ASX) Chart |