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.
Well, the quality of the iron ore produced in Shine will be...
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Last
26.3¢ |
Change
-0.003(0.94%) |
Mkt cap ! $189.1M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.0¢ | $148.7K | 563.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 142222 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 74010 | 6 |
View Market Depth
| Last trade - 11.15am 07/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |