In yesterday's SMH ...
FEX's first shipment of iron-ore is about to set sail in the next few days. Unquestionably, FEX can reasonably expect significant cash flow from this
point on. Conditions in the IO materials sector are absolutely booming, according to the SMH article below. A re-rate of the SP must surely be just
around the corner ?

disallowed/business/companies/bhp-beats-dividend-record-as-iron-ore-exports-boom-20210215-p572ru.html
w w w . s m h . c o m . a u /

BHP pays record dividend as commodities outlook brightens

..."Even as souring diplomatic tensions have led to China black-listing Australian coal imports, BHP delivered a record-breaking $US1.01-a-share interim dividend payout on Tuesday amid booming prices for iron ore and a brighter global economic outlook."

..."Massive economic stimulus programs post-COVID-19 have been fuelling robust steel demand in China at the same time as disruptions are affecting rival iron ore suppliers in Brazil. BHP’s underlying half-year profit jumped 16 per cent driven by a boom in the price of iron ore which rose from $US78 a tonne to $US103 in the half-year and has more recently touched $US170."

..."BHP also believes demand for steel and other commodities will be supported by nations tying green-energy initiatives with post-lockdown stimulus programs. Nickel and copper would be increasingly required to manufacture electric batteries, Mr Henry said, while steel was needed for wind turbines and carbon-capture and storage infrastructure."

All IMHO, DYOR