When I bought FEX back in March, I was told they expected to gain a net operating profit of $100/t for $6 million per 60,000t load. It seems to me that at $85 AUD costs per ton, and an IO price of say average for our grades of $200USD we come in with $272 AUD for a net of $187. At the hedged price ($235 AUD) we get $150AUD net or 50% more than that expected not so long ago. The figures all look good to me. I'm not sure why anyone would be too worried. So though I don't hold many as I'm not a big investor, I did add to my holdings this week because I view the current price as too cheap.
Price of Iron Ore, page-5
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Last
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $218.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 31.0¢ | $514.1K | 1.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 512688 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 22587 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FEX (ASX) Chart |