FEX 0.00% 43.0¢ fenix resources ltd

Ann: Quarterly Activities Report, page-14

  1. 1,063 Posts.
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    The important note is cost's are unchanged at under $100 US per tonne. $95.50 US to Aus $130.
    We just went through a very inflated 3 months in WA and came out the other side perfectly.
    If we can maintain $130 US a tonne or better with the hedge in play and lump premiums we will continue month after month like this.
    Grade is getting better and better and we have only sold 9% of our current reserve.

    We just banked our next 12 months dividend in 3 months. We now have 9 months to increase it.
 
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