fex 2021, page-330

Wont work. Tariffs are imposed in the buyers country. To do this successfully you need to produce your own iron ore. This is done to level to the playing field for home based countries. I just noticed i didnt even pick up on the fact, that they also have an offtake agreement with sinosteel, chinese owned. So it doesnt benefit them as much, as other industries. Its why USA posing tariffs on chinese goods worked, because they still have local industries. In addition they need & want more iron ore more than ever, so they can support both local and international civil & building stimulus projects for economic recovery. Long story short they just dont hold the cards in this space.

Coupled with the fact that FEX has done well to have a mine at good grades, secured a berth at the port, already has stockpiles ready to go and iron ore price is at $170 per tonne, the story has been written. Even at half the price per tonne.

FEX is now heavily under valued in my opinion & is destined for success & a rerate i believe into mid to upper 30's. Coupled with TA showing large singular portions brought in the 26.5 to 29.5 cent range, there is strong support for upwards movement.

Well done to management & goodluck to all holders long & short. But mostly to long DYOR.