There's always a lot of speculation about how cost effective vale will be when they complete their new mine. To me it seems so pie in the sky it's like a 6 year old talking up how rich he'll be when he grows up. I think id be a pretty nervous shareholder given management have been unable to turn a profit at these levels for an extended period. In the hope to do so they've sold their souls to the devil in the Chinese with the $5b jv and taken on a sh@t load of extra debt and still have no guarantees they'll be competitive given the companies own 2017 guidance of $40 per tonne. I guess the difference is fmg have the runs on the board as far as a low cost, competitive producer. One of only three in the world.
There's always a lot of speculation about how cost effective...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |