Twiggy Forest’s FMG might have long term aspirations towards a green and sustainable business but for now it remains a very successful iron ore cash cow. The stock like many of its peers is extremely cheap trading on an Est. valuation of 7.2x for 2022 while its forecast to yield almost 12% pa fully franked over the next 12-months making it an exciting income play for the brave.
MM is bullish FMG short / medium term
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