GRR probably only went on a tear because it paid two 10c...

GRR probably only went on a tear because it paid two 10c dividends - that rate was never sustainable but the market wanted to believe it was. I'm not bullish on GRR this year because of their proposed funding solution to the North Pit underground development which entails relying on a substantial portion of future cash earnings to fund it that might not be realistic. I'm not bullish on the IO price outlook for the second half of 2024.
FEX is a small player that has good aggressive Management wanting to expand their operations - I would be wary of future capital raisings to achieve their ambitions - their main producing asset Iron Ridge now has only two years remaining of reserves plus another two years of inferred resources, so I would rate this as a short mine life - whether they can replace this quality mine asset is problematic - I think there is little chance of an increase in the 2c annual dividend this year. I'm not a buyer.