FEX 1.64% 31.0¢ fenix resources ltd

FEX ASX Is CEO Fenix Resources John Wellborn the Oakajee Port Master?, page-8

  1. 961 Posts.
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    The use of the rail sidings could negate the need to get more road trains. This is course is dependent on whether they increase production markedly.

    I would like to see a scenario where they blend W11 with Iron ridge ore (if this option is possible & amenable to Sinosteel). Not sure how quickly they can get through the 10m ore?

    Then again, if the logistics/Port services branches win more contracts, then I see no other alternative but to get more road trains, but I still believe the rail sidings were purchased to increase the margin in the logistics business and hence should be used ASAP to bring these costs down while the IO price is still high.

    Shine, is problematic but may be started at a later date if Sinosteel are happy with our performance.
 
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