To follow on the breakevens analysis from UBS
RIO: $US43 per tonne
BHP: $US45 per tonne
FMG: $US72 per tonne
AGO: $US82 per tonne
BCI: $US70 per tonne
GBG: $US91 per tonne
Past analysis have suggested that a $1 movement to IO is worth $120 million to RIO an BHP either way. Factor in exchange rate and it gets a bit more complicated.
So what to make of this, $100 + for IO FMG is still earning quite a bit of money. This morning on Bing Finance FMG is trading at a forward P/E of 4. Clearly not expensive.
To follow on the breakevens analysis from UBSRIO: $US43 per...
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Last
$21.88 |
Change
0.310(1.44%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.93 | $21.54 | $53.94M | 2.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 4578 | $21.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 3235 | 18 |
View Market Depth
| Last trade - 14.52pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |