Hey blackeyed how did you get the figure of 50 million for net increase in ore requirements.I agree and understand the 40 million less from the big two, And not sure of the reduction due to delay with Samarco.
totally agree with you on the s/p if ore stays between 70 and 80. and feel the s/p will be close to 10 at a lower average ore price. say 65 to 70. I think a few good payments off the debt by mid next year and a stable demand of ore and that will do it.
Revised Estimate Iron Ore Prices 70 -80 2017, page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |