This is driving me bonkers... Can someone please help!
- If FMG report a US$41/t wet cost, that equates to a US$46/t dry cost, correct? (FMG add another US$5/t to get to dry)
- How do you get to the dry price received by FMG? Discount the IO spot price by 15%? So in the December quarter 85% of average US$74/dmt becomes $US63/dmt?
In the second half of the year, if the dry cost is US$40/t and the average dry sell price is US$53/t (85% of current spot US$63/t), that still a very healthy profit margin of US$13/t!
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Last
$16.78 |
Change
-0.120(0.71%) |
Mkt cap ! $51.51B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.02 | $16.61 | $141.9M | 8.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12917 | $16.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.79 | 6838 | 5 |
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| Last trade - 16.15pm 15/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |