Your maths is correct, but...
I think a world where Australia's cut its interest rates to 1% and its exchange rate is 50c would be a pretty ugly place to be in terms of growth, particularly in China. You're envisioning deflation, low growth, probably a recession in China, and iron ore oversupply - I doubt the IO price would be as high as US$60, probably more like $US40 to $US30.
Stand back from FMG, says Argonaut's Irvin, page-4
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |