Ann: Fenix achieves one million dry metric tonnes of sales, page-24

I did see a picture of Rob around some mineral sand trucks in some publication while looking up Fenix Newhaul trying to get truck specs.
Can't remember where.
Probably just a "Can I see what your doing and you can see what we're doing exercise" to pick up ideas.

If they go anywhere that doesn't lever on their experience ...mmmmm
Outside Australia and I'm outa here.
Too many good businesses destroyed by chasing Golden and other rainbows to nowhere.
I can think of one company that nearly blew itself to bankruptcy on chasing copper in a hostile corporate action because they thought they could mine it better,to find the mine was crap and they just couldn't.Tinned a whole lot of shareholders equity and income from tin in the process,excuse the pun.

Fenix is a profitable niche player that could do with a 20yr mine life instead of 6 at the same or better grade,sit back and stack the cash.
Preferably next door or closer to its sheds to run the written off trucks at 6yrs into the ground for even lower costs.
Change anything positively and the shareprice will move as well.
Just as mining 2MT a year would with a 20yr life would make it a B grade income stock.
High grade ores going nowhere but up compared to lower grades.
Growth for growths sake is bad Business,just as the thought of giving options for uneconomic 58%Fe ore additions were from the outset.
Beneficated concentrate is much the same grade as we produce by the way at around 65% usually made from lower grade ore and Costs to produce.We don't need the expensive plant,magnetic seperators or spiral banks or the costs,nor have the water and power needed,
We have the Grade ready for the digging.
You need lumps whether you like it or not,in the mix in Blast Furnaces anyway and those furnaces live 20yrs plus.
Hence the premium we get,just like you need some silica in the brew or the slag won't flow out of them.
Making NEW steel is like baking a cake. Get given some Double cream you only put in half what you normally would in the recipe and can then make up the rest with cheaper water to keep it moist.
BSL list their current blast furnace mix in their presentations.

Regards

I'm bullish on well run Businesses that mine gold.Not gold miners or explorers who don't make money and dream of Eureka like most of them do.
Just as I am on Bullish Salt and Bauxite operations ramping up with guaranteed profits ahead.The Salt one currently gets money from IO.