FMG iron ore will achieve about $30 per ton profit, that means at 100 million to with 600 million shares and a pe ration of 9 to 10 the share price full valued when in production will be (($54)) per share now this really indicates how some ppl dont do their research.
FMG has had its day even if it proves up more resources and produces larger volumes of ore the price will eventually fall and when it does because the iron or in this region is low grade they will barely make $15 per ton profit and with 3 billion ton that is a profit of 40 billion which is have its current market cap.
low profit iron ore
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |