Hi Goldbear,
This might help,
http://www.fool.com.au/2014/05/29/why-fortescue-metals-group-limited-is-sinking-today/
I know that the report is not looking at future cost forecast once Fmg is producing at 150mt/pa which is suppose to drop a bit in the $60-70 range, but shouldn't forget that a huge discount applies to FMG ore in the vicinity of approx 20%(just look at AGO presentation to confirm that(62%Fe dropped 25% this, lower grade 37%)
Goodluck with your investing.
bouhr
Hi Goldbear,This might...
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Last
$19.32 |
Change
0.435(2.30%) |
Mkt cap ! $59.36B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.47 | $18.97 | $58.81M | 3.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2527 | $19.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.32 | 8005 | 8 |
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| Last trade - 14.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |