John rated the operations of fex in the following order
1. New Haul
2. Port facility
3. Mining
Regarding New Haul, John stated he now hauls by road cheaper than rail.
John has focussed on New Haul, cutting haulage costs by 40% over the last 5 years.
If MGX reinvests into the Midwest then we may well need the services of FEX's New Haul and port facility.
MGX and FEX co-existing symbiotically, rather than one aquiring the other, may well be a good outcome.
Peter recently stated he is "supportive of FEX"
Ann: Resources and Ore Reserves Statement as at 30 June 2024, page-22
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