FMG 2.02% $25.70 fortescue ltd

what about this as a scenario-let"s say IO demand stays...

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    what about this as a scenario-let"s say IO demand stays stable,you get vale,rio and bhp to keep ramping up their production at much lower costs.that lowers the spot price,but puts only fmg at a disadvantage.that"s why the sp went south today,regardless of PE.investors are only prepared to take 10-15 PE on a company they think has real upside,so at pe4,what does that say about the company.basically,the only possible saving grace of fmg,is that if IO demand not only goes north,but very shortly,as even if it doesn"t fall below this level,their sp will actually decline.
    cheers crazypunter
 
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