Even though the iron ore price got beaten up pretty hard in the past few months, Fortescue Metals (OTCPK:FSUMF) decided to continue its expansion plans and the company is now one of the largest iron ore producers in the world. In this article I'll try to find out whether or not Fortescue Metals is generating free cash flow at the current iron price.
(click to enlarge)
Source: company press release
As Fortescue is an Australian company, I'd strongly recommend to trade in its shares through the facilities of the Australian Stock Exchange, where the company is listed with FMG as its ticker symbol. There's plenty of volume there, as on average 22 million shares exchange hands every...
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