FEX 0.00% 39.5¢ fenix resources ltd

Ann: $15 million Placement to develop Iron Ridge, page-56

  1. 171 Posts.
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    Without spending too much time.

    Transport costs are estimated at 5.4 mil per mt simply by breaking out the feasibility study as mentioned. This expands to 6.75mil per year as our expected yearly capacity is 1.25mt with a LOM of 6.41 years or 77 months. These costs are based on a diesel price of $1.34 which we are currently well under. On the other side of this is the price of i/o which is on the increase making the whole project even more viable.

    Unsure of your angle but it appears to be pretty baseless.



 
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