FEX 3.08% 33.5¢ fenix resources ltd

I think the divi will be in the range of 2.5 - 3.5 cps. There's...

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    I think the divi will be in the range of 2.5 - 3.5 cps. There's a lot more shares on the register and there is definitely a need to conserve cash to get the Shine mine producing including setting up the village...maybe even getting the railway operating...sorting out some blending process at the port. Less than that divi range I wouldn't be happy. I think at end of June we'd have $80 million and we could earn another $15-20 mil by divi payment time in October. This extra $15-20 mil would offset the upfront payment and development costs of the new purchase...onwards and upwards.
 
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