$17 is actually perfectly reasonable, considering it costs the big 3 iron ore producers just US$5.73 to deliver a tonne of iron ore FOB.
http://www.ferret.com.au/articles/a5/0c00a8a5.asp
Kinda scary when you realise just how uncompetitive some of the current mines (e.g. MGX's) are against the big producers.
$17 is actually perfectly reasonable, considering it costs the...
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |