Well, the quality of the iron ore produced in Shine will be mediocre, and so will be the price.
As we start with 60% iron there ought to be buyers.
Still, with production cost as low as predicted there will be a significant margin.
What I like most about this is the very low capital requirement of only 7.4m.
Paypack period will be few months only.
Shine will have a measurable effect on next years dividend.
I plan to top up my holding in FEX - at present 108k - when sp comes down a little, for example after ex div.
Ann: Fenix to Restart Mining at Shine, page-34
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $352.2K | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 342515 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 89917 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |