iron ore is priced above its average now. I like the idea of capitalising on current prices, Fenix appears to be doing that. Cash up now and invest/diversify and then insure longevity. 4 years is enough time for JW to find some more high grade ore. It’s an aggressive approach but for a company with cash on hand like fenix, it’s the right one in my opinion.
There is obviously announcements coming regarding Fenix’s current investment's, but I also expect to see more.
Ann: New $70 Million Haulage and Logistics Contract, page-22
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