Hopefully Iron Ore prices will keep under $70 until 2018 while we are still paying off debt! (a share buy back wouldn't hurt either in this time) As soon as it goes higher there will be more projects coming online as they will now be viable at these prices which could put excess supply constraints back into the picture again.
then in 2018 i would expect FMG to start smashing 180+mill tonnes a year with 5+% dividends if iron ore is worth that much.
Cheers, Helikaon
Revised Estimate Iron Ore Prices 70 -80 2017, page-6
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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 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |