Fenix transports IO a distance of 500 km to Geraldton port and is profitable. If test work on separating the Fe/Ti cons confirms earlier work then the HG iron and rutile would be valuable. This is what the Govt wants rather than sending minerals to the tailings dam.
I found a TMT update from August last year, my earlier post regarding W : O was incorrect should be 5.95 : 1. When AVL releases the MRE for the southern blocks the W:O ratio will fall.
AVL Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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