FEX 3.45% 30.0¢ fenix resources ltd

Has anyone else used a NPV10 spreadsheet to check that with a...

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    Has anyone else used a NPV10 spreadsheet to check that with a very good first year of high iron ore price our NPV increases dramatically and yields an SP of 41c per share.

    Throw in 2 good years and you achieve 71c per share.

    I calibrated the spreadsheet to yield their numbers of NPV of $54M for an annual $16M profit before tax. using all their input values of US $111/tonne , 0.7 exchange rate and C1 of au’s $76/tonne.

    Can someone else confirm they achieve similar results?

    At some stage the SP will re-rate accordingly. Has the company mentioned what their policy on dividends once we are cash flow positive moving forward?

    thanks
 
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