I agree.
More bombs have fallen this year than entire wwll.
The ever increasing war machine requires iron ore for tanks, planes, guns,bombs ect. which should lead to increasing iron ore prices.
FEX is aiming at increasing production from 1.5mtpa to 4mtpa
I am happy to forgo a dividend now to increase assets and expansion.The previous dividend was a result of iron ore shipments at $170
Current shipments are $70
It is a wise decision to keep cash on hand
Ann: FY24 Full Year Results, page-25
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