I am sure they are sure they can make a profit from the 60 aud...

I am sure they are sure they can make a profit from the 60 aud cost fee. It may not be much but i think they would be assuming the actual cost of moving the ore (it is not far from a rail siding), storing it and marketing it is more like around 50 aud per tonne. One would imagine that shipping is a cost not included in the 60aud per tonne fixed cost.

So It seems if they decided to use the rail. The trucks may only need to haul the ore 80 to 100kms to the siding then it is a far lower cost overal
They may do the same with other ore products from iron ridge and Beebyn ore.

It would save fenix hualage by running the ore the final 100kms by rail.

So deal could equate to between 15 to 20million aud profit before tax.

And as was discussed late last week this resource is a bit bigger than just 500,000tonnes.

But likely with the money 10M earns from this they will explore their own licences out so we may have further agreements in the future for more ore sold at gate.

I am happy with this Fenix is really sweeping up the small deposits making them viable to mine. All parties satisfied.