Price of Iron Ore, page-1219

It all comes back to if you are a long term holder or short term holder. Of course the SP will retract straight after the Divi as it did last year, we all know that will happen. I’m happy getting a 20% Divi return each year based on current SP with big upside on the potential SP on extra resource once found and announced. Compare a standard 3% to 4% Divi return with other major IO players to FEX 20% Divi return ….FEX is a no brainer for investors who roll the dice a little. The Scorpian site next door is a massive area with known high probability high grade IO mine sites. I have no doubt FEX will go to market to get a top end MD to replace RB who institutions will then like and get on board with. Fast forward 5 years and this company could easily be a mid tier IO player with a $2 plus share price and in between now and then we get a 20% Divi return. Ka- ching $$