FEX 2.38% 43.0¢ fenix resources ltd

Their graph in their corporate presentation clearly shows...

  1. 637 Posts.
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    Their graph in their corporate presentation clearly shows AUD$100/t as a cost base. If anything that's conservative based on the latest results.

    Another way to check this with simple maths is, if they made $45million in net cash flow off 280k t of sales, that is a net margin of AUD$160k/t [$45m/280k].

    They sold at ~USD$185k/t which is AUD$250k/t in revenues and a cost of AUD$90k/t to get to a net margin of ~$160k/t or $45m net cash flow.

 
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