Well, the quality of the iron ore produced in Shine will be mediocre, and so will be the price.
As we start with 60% iron there ought to be buyers.
Still, with production cost as low as predicted there will be a significant margin.
What I like most about this is the very low capital requirement of only 7.4m.
Paypack period will be few months only.
Shine will have a measurable effect on next years dividend.
I plan to top up my holding in FEX - at present 108k - when sp comes down a little, for example after ex div.
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27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $198.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32000 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 11612 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 51625 | 0.265 |
15 | 401479 | 0.260 |
22 | 638339 | 0.255 |
29 | 1007481 | 0.250 |
8 | 435845 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 54425 | 5 |
0.275 | 110661 | 7 |
0.280 | 229611 | 14 |
0.285 | 373067 | 10 |
0.290 | 94400 | 2 |
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