Rough numbers for November so far.
62% fines CFR = US128 p/t less shipping us$18 p/t = us$110 FOB * 1.50 = au$165 p/t less C1 a$80 = a$85 *120kt = a$10.2 mill.
This does not include the higher grade for Iron Ridge 64% and about 40% lump.
I realise FEX are busy with W11 and the logistics for Twin Peaks,but I would like to see Shine included. Maybe a secondment from the major shareholder MGX who previously worked at Shine to work on a mining plan and organize a crew to mine and crush say 500kt. Obviously the shipment of this ore would be dependant on th IO price.
I think FEX needs to take advantage of the current returns from Iron Ridge.AIMO
Rough numbers for November so far. 62% fines CFR = US128 p/t...
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.5¢ | $240.7K | 961.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 25 | 657746 | 24.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 108000 | 1 |
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| FEX (ASX) Chart |