Ann: Fenix Board Appointment, page-160

put urselves in their shoes. 6 yr mine life. This year secured ($100M FREE CASH).....second/third year will depend on IO price (unhedged), so anything goes. after that year 4+ - our mkt cap may go to crap as theres almost no mine life left (unless they pull a rabbit out of the adjacent tenements).

so we need someone, anyone with a max 6year tenure (welborne in sun set mode) who may find a home for 30-50% of our FREE CASH in the hope of turning our 6yrs mine life into a much larger or perpetual one.

lets hope they take over HIO (i like the $$$$ on that one - $2bn capex easily raised if we horde our cash), or even cross diversify into battery metals, bit of graphite (super cheap capex, RNU only needs ~$120m capex), manganese (takeover say E25 - its halved in the last year and has a good mine life), or follow the majors and go into MOP/SOP production, KLL could prove a bargain buy, BCI? many out there for reasonable change

My point is, my consulting fees arent $2m a year.....ill take $1.5m in free shares that lets face it, will pay themselves off by the third year anyway via the 25-30%++ annual FF yield and have already given a list of bountiful wonders that may fit nicely in the diversified portfolio and keep operations in WA....!!