FEX 2.08% 23.5¢ fenix resources ltd

Price of Iron Ore, page-5

  1. 811 Posts.
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    When I bought FEX back in March, I was told they expected to gain a net operating profit of $100/t for $6 million per 60,000t load. It seems to me that at $85 AUD costs per ton, and an IO price of say average for our grades of $200USD we come in with $272 AUD for a net of $187. At the hedged price ($235 AUD) we get $150AUD net or 50% more than that expected not so long ago. The figures all look good to me. I'm not sure why anyone would be too worried. So though I don't hold many as I'm not a big investor, I did add to my holdings this week because I view the current price as too cheap.
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Mkt cap ! $110.9M
Open High Low Value Volume
24.0¢ 24.0¢ 22.5¢ $1.263M 5.409M

Buyers (Bids)

No. Vol. Price($)
3 438000 23.0¢

Sellers (Offers)

Price($) Vol. No.
23.5¢ 165511 2
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Last trade - 16.10pm 22/10/2021 (20 minute delay) ?
-0.005 ( 2.08 %)
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24.0¢ 24.0¢ 22.5¢ 1899208
Last updated 15.59pm 22/10/2021 (live) ?
FEX (ASX) Chart
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