Steph, That method is still a while away, fenix are looking to...

Steph,

That method is still a while away, fenix are looking to establish themselves as a high gade iron ore producer, in the immediate term and fenixs mission would be to get more high grade iron ore deposits and extend the asset/mine life, if they want to be a serious player in the I/O space.

They are doing this perfectly by the way, by way of J/V and taking larger %'s of others tenements.
My opinion.

Switching commodities to de risk right now is a very bad idea, they need to maintain the rythym in the iron ore space and capture the high iron ore price while it is hot, this combined with the above would identify fenix as a specialist producer, this coupled with the new chair is the next exciting phase in Fenixs journey, as fenix will be looking to market any new ore they find from here going forward as their own.

This was why the old chair was replaced as his job was done. (Not bad remuneration $2,500,000.00 in fenix shares for 1 years work).

I hope this explains to you where i see the company and where it is now to where it is going.

Have a good weekend.

Rooks