The current $US V $AU exchange rate is well in FEX favour at the moment. Current conversion 1.47. So even at say the current IO price of US $115/Tonne that equals to AU$169 FIC
Cost to port now lower with truck acquisition to say AU$70 plus shipping say another approx AU$30 it still leaving great margin on the balance of not hedged which is approx 60,000 T/month. Plus even more on the 50,000 tonnes per month that are hedged to October 2022 at AU$230 per tonne.
Bring on the Divi…FEX will be one of the best Divi returns on the ASX … Ka - Ching $$
Ann: Fenix acquires Mid-West haulage business, page-113
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