FMG 3.38% $24.49 fortescue ltd

Hi Daltham, Not so much the content itself but the main benefit...

  1. 5,648 Posts.
    lightbulb Created with Sketch. 1693
    Hi Daltham,

    Not so much the content itself but the main benefit is that when a vessel is loaded with IO, there is less water content. This means more efficient operations at port and freight cost savings.

    For example, if IO at Vake typically has 8% moisture content, then a vessel with 100,000 metric tonnes would have wastage of 8,000 metric tonnes.

    If dry processing reduces this to 6%, then there would only be wastage of 6,000 metric tonnes.

    Wet or dry processing makes no difference to the amount of IO dmt the customer will receive. It just comes down to whether it is feasible for the company to engage in dry processing or not as this will typically increase C1 costs.

    Below link gives a good summary of this.

    Cheers

    http://www.itv.org/en/inovation/reduction-of-moisture-of-the-ore/
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$24.49
Change
0.800(3.38%)
Mkt cap ! $75.03B
Open High Low Value Volume
$24.03 $24.50 $23.78 $127.3M 5.282M

Buyers (Bids)

No. Vol. Price($)
10 2330 $24.49
 

Sellers (Offers)

Price($) Vol. No.
$24.50 9671 16
View Market Depth
Last trade - 15.12pm 19/03/2024 (20 minute delay) ?
Last
$24.51
  Change
0.800 ( 3.44 %)
Open High Low Volume
$24.03 $24.53 $23.78 915443
Last updated 15.31pm 19/03/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.