Ann: Fenix extends Iron Ore Hedging Cover, page-20

My calculation based on actual third quarter results, FEX should make an end of year after tax profit of approx $65 million. They should give a little more than last year on the Divi and allowing a middle of the road 60% return to shareholders (just over their stated 50% promise) divided by the number of shares on issue, a 7 cents/ share Divi is highly probable. Still an amazing return that is rare on the ASX. Another month and we will be close to getting actual end of year results so watch the ramp up in share price between now and then. Hopefully by then we will also know promised drill results that will increase life of mine.