This a great news, to get the turn around and ship the IO from W11 in early 2025, I’m impressed, maybe some of you know a lot better but I think that company has already demonstrated they can get the project running fairly quickly.
as for dividends ?! The W11 will cost in total what was stated by then @ $25.9 ml plus Shine @ $7.4ml, that’s roughly $33.5 ml,
having $88+ in the bank, $50m + would be still left in the bank, I’m sure they’d keep $$$ for any incidentals, say $20m, Fex can still afford to give a 4-5c dividend,
maybe I’m way off but look it the books and tell me they cat do it?!!
Cheers, Lw
Ann: Fenix to Restart Mining at Shine, page-55
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