I've worked for mining companies, and you need to remove overburden (dirt etc..) to access the ore. The stripping ratio refers to the percentage of overburden to ore, so to make a mining campaign more efficient, mine areas where the ore is more concentrated to save costs.
This discount on FMG's IO has got me beat. I keep seeing ranges from 7% to 23%!
I hope it's confirmed in tomorrow's report.
market is underestimating fmg, page-31
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |