Ann: Chairman's Address to AGM, page-16

Rough numbers for November so far.
62% fines CFR = US128 p/t less shipping us$18 p/t = us$110 FOB * 1.50 = au$165 p/t less C1 a$80 = a$85 *120kt = a$10.2 mill.
This does not include the higher grade for Iron Ridge 64% and about 40% lump.
I realise FEX are busy with W11 and the logistics for Twin Peaks,but I would like to see Shine included. Maybe a secondment from the major shareholder MGX who previously worked at Shine to work on a mining plan and organize a crew to mine and crush say 500kt. Obviously the shipment of this ore would be dependant on th IO price.
I think FEX needs to take advantage of the current returns from Iron Ridge.AIMO