FMG 1.86% $19.54 fortescue ltd

the results are good but even at $31 vs the price FMG get which...

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    the results are good but even at $31 vs the price FMG get which is at a discount to the $40 spot FMG must only be making $3 or $4 a tonne profit.

    But any profit in this environment is good profit i guess. As long as they keep pumping that cash on to early debt repayments i think FMG will be around for the long haul.
 
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