FEX 5.08% 28.0¢ fenix resources ltd

Research Coverage Initiated - MST Access, page-68

  1. 2,580 Posts.
    lightbulb Created with Sketch. 445
    No I have not heard the presentation.
    The Shine magnetite resource 5.1mt of which 3.1mt inferred at 56.9% Fe, maybe sell the ore to the Karara magnetite mine down the road for upgrading. Karara ships 65% after the magnetite is upgraded.
    I know the Chairman speaks of high grade ore but Beebyn W11 is the pick of the Beebyn resource 20mt @ 61.27% Fe the balance 42mt @ just above 59%Fe.
    To me grading is..... High grade 65% IO Benchmark 62% low grade 58% IO
    AIMO.
 
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