FMG does dividends and their cost price per tonne is $15 where SRK cost price is $80/T/US and that is a problem.
The delta virus is the main reason IO prices are falling due to China having lock downs as are many countries now.
BHP and RIO cost price is about $22US/T.
FMG returns via dividends is about 18% per year so they pay for themselves over a 5 to 7 year period.
And that is the difference and another reason why Atlas Iron failed.
FMG does dividends and their cost price per tonne is $15 where...
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3.1¢ |
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Mkt cap ! $8.796M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 136124 | 3.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 100000 | 1 |
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