Hi Goldbear,
#So if Iron ore drops to a sustained $US90/t for eg they should print $2.3bn-$3.1bn EBITDA running at 155Mtpa#
Don't forget that FMG ore is trading at a discount of 10 to 20% of 62%Fe grade. Now you can do the Maths again.
From memory, FMG costs are at approx $70AU
Sale price 90-(15%x90)=$76.5 US equal to $83AU(1USD=0.92AU)
Total profit:$13x155mt=$2.0bn(AU)
That leave FMG with $1.4 after tax
Bouhr
Hi Goldbear,#So if Iron ore drops to a sustained $US90/t for eg...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |