FEX 1.85% 26.5¢ fenix resources ltd

FEX ASX Is CEO Fenix Resources John Wellborn the Oakajee Port Master?, page-7

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    FEX will pay SMC $10 mill when the mining approval is granted plus the cost of developing W11.
    1om will be given a $5 mill loan to start mining Twin Peaks.
    And extra road trains will be needed at approx $1mill each.
    So while I think both look like good earners, next year will see development costs.
 
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