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Offcourse the Iron ore price has a lot to do with the value of FMG, as I pointed out they make an extra $123,000,000 of so free cash flow for every $1 move up in the price of Ore, But FMG's share price is now higher than it was last time Iron Ore was at this level.I am not saying there isn't a lot of speculation going on, I am just saying I think the market is slowly realising that FMG is a solid low cost miner that was priced as if it was an Atlas. Once All this shake out is through, this stock is going to be worth so much more.
Offcourse the Iron ore price has a lot to do with the value of FMG, as I pointed out they make an extra $123,000,000 of so free cash flow for every $1 move up in the price of Ore, But FMG's share price is now higher than it was last time Iron Ore was at this level.
I am not saying there isn't a lot of speculation going on, I am just saying I think the market is slowly realising that FMG is a solid low cost miner that was priced as if it was an Atlas. Once All this shake out is through, this stock is going to be worth so much more.
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