FMG All in delivered cost to China $54/wmt in AUD !!!. ALL IN COSTS !!
at present IO sells at $85aud .. its still at $31aud margin ..is not bad.
160m t pa x 30aud = $4.5b pa profit. = p/e 2
what if ??
Aud falls and IO rises slightly on some mine shutdowns (eg;Vale)
..AUD at 80c x IO at $80us = $100aud = $46aud p margin
if we sell IO at $75 USD x 80c = $90 Aud = $36aud profit margin
its not the end of the IO world ..with a new China Stimulus + more rate cuts to boost Growth ..it may be the end for Shorters soon .
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 80000 | $21.65 |
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Price($) | Vol. | No. |
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1 | 500 | 21.600 |
2 | 10000 | 21.590 |
1 | 1 | 21.580 |
2 | 275 | 21.570 |
Price($) | Vol. | No. |
---|---|---|
21.670 | 13033 | 1 |
21.690 | 13033 | 1 |
21.700 | 1017 | 2 |
21.710 | 61673 | 7 |
21.720 | 23421 | 5 |
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