Not much to loose/cost to do this, and also a very small chance of finding a high grade resource that is feasible to mine. This is no game changer IMO, I’m not excited about it that’s for sure.
I am still hoping FEX looks elsewhere closer to ports for future opportunities. As the last 6 months has shown, C1 costs are the key, and unless the resource is 64-65%+ around Iron Ridge, it is not going to be feasible.
Time will tell, unless someone pulls a few billion dollaroos out of someone’s back pocket to quickly build a rail line and expands Gero port so it can hold 170k tonne ships.
Not much to loose/cost to do this, and also a very small chance...
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $1.208M | 4.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 517334 | 9 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
30.5¢ |
Change
0.015 ( 7.02 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 30.5¢ | 29.0¢ | 638441 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FEX (ASX) Chart |