If we look at our investment in FEX, CEO, John Welbourne, is not thinking about closing mines, but rather is opening mines !
FEX is opening Shine this year with 59% Fe and >9% silica.
FEX CEO, John Welbourne, envisages making a profit out of hauling for hundreds of kilometres by road to Geraldton port (a 700 km round trip), low grade with high impurity from Shine at prevailing prices
KI has the highest grade in Australia with ships being loaded directly at the site of the mine.
MGX Price at posting:
29.3¢ Sentiment: Buy Disclosure: Held
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