Ausbiz – Special Feature – FEX – 23 Jun 2022

• July 13, 2022
• admin

Ausbiz, FEX, 23 Jun 2022 –

Fenix is a “cash machine” – according to Fenix Resources (FEX) Chair, John Welborn, the iron ore producer’s full year results will demonstrate the business is a “cash machine”. Fenix has a high-grade mine in West Australia which produces 1.25 million tonnes a year. Just this week, Fenix acquired the remaining 50% of Newhaul for $30 million – making it the soul owner of the haulage business. John says it was an obvious way to create cash-flow and value for shareholders. Watch the full conversation for John’s take on the outlook for iron ore and the future of Fenix.

Click here to watch the interview – start at 13 minutes. The recordings of the shows are only available for a limited time.

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