Fenix will get some investments that will be successful and some...

Fenix will get some investments that will be successful and some not so much. The main thing is we preserve some cash I hope in the medium term we can gradually increase cash in the bank to 100 million over the next 2 to 3 years while making some strategic investments.

We have 4 to 5 years left on iron ridge (hopefully they can find additional pockets of ore deeper down or branching out.) Where we can be certain of a decent income.

If prices go down under 95 USD per tonne. Gradually slow down production and pile up ore on site for better prices. I will sell out if they start borrowing money.

Back to Athena. This seems a good investment. If things go well we can always up our stake to 50 to 70% with a few million (2 to 3 mill) more.

Does anyone have any idea how profitable they expect the 3rd party services to be? I am hoping for a 3 to 5 million profit return per annum on that. Of course more is a bonus.