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
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $198.1M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.5¢ | $946.9K | 3.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24373 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 60669 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |