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To answer this question, I spoke with Fenix Resources (ASX:FEX) chair John Welborn.
Fenix is an iron ore producer and logistics company working in the mid west of WA, near Geraldton.
Mr Welborn reveals the milestone volumes which would justify the company turning to rail, from road transport solutions.
I also asked him about the company’s focus – is it mining? Or, is it haulage and shipping for third party customers, which include CuFe (ASX:CUF) and Gold Valley.
Fenix has been trading around 31.5 cents.
