Yes.
As a lower-margin pure iron ore play that has already optimised it's cost base, the FMG view is all about where the iron ore price settles now.
Management team has done a great job, no more internal levers to pull.
News: FMG Fortescue Metals Group says qtrly shipments of iron ore was 44.7 mln tonnes, page-19
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Last
$21.57 |
Change
-0.190(0.87%) |
Mkt cap ! $66.41B | |||
| Open | High | Low | Value | Volume |
| $22.01 | $22.10 | $21.52 | $119.4M | 5.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13058 | $21.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.58 | 11798 | 1 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |