Ann: Quarterly Activities Report, page-13

At the moment without reading the ann today, i can tell your analysis seems to be on the money.
This pist by you raises the concerns that i have when they aquired the asset.

Somehow this board sees a way of making money out of shine project, i am personally happy to view this from the sidelines, but if holders want to believe it is profitable then thats ok too.

58% grade mine with high silica content not so close to port, i struggle to see them making money from it.

Their best bet is to use the rail network they aquired, but i do ponder the repair cost to to bring this up and running to then mine shine project.
Signs point to this not being worthwhile as MGX didnt do it.

Additionally it goes against what FEX is marketing themselves as - a high grade iron ore producer.

Wiz touched on it too, a lot of SOI now compared from a year ago.

All the best to holder though.

Rooks