FMG 0.83% $18.29 fortescue ltd

Hey mate, let's have a stab....the data sheet is not clear, but...

  1. 3,542 Posts.
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    Hey mate, let's have a stab....
    the data sheet is not clear, but I think we're converting 100% of the hydrogen to ammonia and selling it to Europe.

    green ammonia is now $1000/t. @225,000 tonnes
    grey and blue is $500-550.
    (hydrogen is ~$10/kg @40,000,000kg)


    so revenue for ammonia is about $225million per year.

    costs:300MW, unfortunately this is the unknown, we've signed a PPA, but at what cost. Needs to be about $1/mwh to be sustainable, which seems impossible.
    unless we're also selling $400 million of hydrogen.

    something doesn't seem right... Or we be screwed lol

    g

    https://hotcopper.com.au/data/attachments/6441/6441400-29119395ee6d3f5c51a6b50e9c42aba0.jpg

    https://hotcopper.com.au/data/attachments/6441/6441507-8436f8e3f07a9a94422abacd9dae7a91.jpg
 
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