FEX 3.57% 29.0¢ fenix resources ltd

FEX Valuation, page-13

  1. 1,601 Posts.
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    morning all.

    with all that cash, is it possible for FEX to make pellets? What’s the break even quantity? I think I read about 2mtpa somewhere. We’re around 1.3, with maybe more if JV hits well.

    the premium for pellets would further insulate us against the IO price falling a long way in the future.

    just a thought, maybe impractical.

    cheers,

    ned.
 
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