FEX 1.92% 26.5¢ fenix resources ltd

FEX Valuation, page-413

  1. 235 Posts.
    lightbulb Created with Sketch. 31
    Rod, you say,

    ''At this stage the bank we’re hedged with is looking at roughly $5mil a month payment to FEX if IO stays at the current price''

    It is a lot more than that Rod,
    50,000 tonnes a month @AUD233.30 = AUD 11.5 Million a month, together with sales above 50,000 tonnes @spot price.
 
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