FMG 0.34% $17.43 fortescue ltd

Hi Fozza, Q1 Platts 62 average is US$70.90 (Fact) Q2 Platts 62...

  1. 3,123 Posts.
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    Hi Fozza,

    Q1 Platts 62 average is US$70.90 (Fact)
    Q2 Platts 62 average is US$62 so far and trending up
    Q3 according to Platts Future currently trading at US$67.46
    Q4 according to Platts Future currently trading at US$66.98

    Is your all in cost of US$23.50 incl. interest but exclude D&A?
    - Total delivered cost to China, I used US$22.8/wmt (rising shipping cost, but could be as low as US$21/wmt, if C1 is reduced to less than US$12 and extra VLOCs reduced the cost of shipping)
    - Total Interest Cost, I have US$1.68/wmt.

    Apart from that, everything else looks ok, but I could be wrong, hehe.

    DYOR.

    Frank.
 
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