FEX 4.62% 34.0¢ fenix resources ltd

yeah at these prices if your not already a producer maybe tough...

  1. 958 Posts.
    lightbulb Created with Sketch. 75
    ok,l think we’re still well in the green with our hedge with Macquarie until July and our grade is a lot better than some FMG in particular ,behind the scenes JW will be working hard increasing margin and our income with maybe some more new projects in the mix in my opinion
    Dyor
    yeah at these prices if your not already a producer maybe tough for some iron ore miners ,some mines may come our way as a consequence if they hit the wall.
    Look at VMS they have had their iron ore mine in Tassie in caretaker mode for 2 years far too slow with only one shipment back in 2021,missed the boat badly with prices back then at ath’s.
    But they’ve hit paydirt in WA this week with their soft clay rare earths project grades as high as 4000ppm from 30 drills,300 new drills holes just commenced…..
    Dyor.
 
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