Its good news for FEX in the way for their grade and blend of the iron ore.
Fmg having problems with iron bridge (time delay?) add this to vale's shiploader disaster (this loaded 65% grade) iron ore. And the other problems brazil is facing.
In short it bodes well for our iron ore grade price wise, if 65% is short volume wise then the next best they will turn to will be in our iron ore price bracket being the 62%.
Its really exciting timea for Fex they have alot going their way and not many headwinds.
Geraldton port seems to be a good spot as it doea not seem to be affected by the tropical wet season/cyclones.
Not as biga shipload as prot headland, but we can do more of them.
Its a good little operation at the moment and i hope we dont get taken over.
I personally see Fex trying to take over the weld range for iron ore.
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $298.6M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 40.5¢ | $1.125M | 2.663M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127866 | 41.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 122192 | 5 |
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| FEX (ASX) Chart |