FEX 1.92% 26.5¢ fenix resources ltd

Ann: Acquisition of Mid-West Iron Ore and Port Assets, page-8

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    Sounds like the berths at the port are the best part of the deal along with the low amount of capital we have to inject up front. What's your take on this amatuer...you seem to know quite a bit about the area. Access and getting the new site operating seem like two good questions for the webinaar

    No, Iron Ridge is a separate mine with it's own LOM. The new one will have a LOM of it's own too. A good question for the webinaar would be when do they anticipate mining from it, and how many tons per year do they intend to extract remembering there are 15Mt there.
 
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