I was using chat gpt to estimate the fmg dividend in 2030 after decarb removing diesel costs and the extra tonnes from iron bridge and the results were very nice.
aside from that we qouls then have c1 costs of around $15 usd which would lower our risk as a company and raise our multiple from 7 to 10ish.
even with a similar iron ore price (inflation adjusted) I'm expecting a share price of around $35 in 2030 and dividends of around $2.50 fully franked per year. Over $3.50 grossed up.
this would give a grossed up yield on today's cost of around 22%.
with the potential upside of future iron ore booms in the coming years and decades, as well as green pig iron value add, as well as technology sales/ royalties / patents etc.
A lot to like at current prices.
FMG Price at posting:
$15.51 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)