Up next
Tags
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

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.

fex by the numbers
More From The Market Online
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

Market Open: Oz shares slide on wait for Fair Work wage call, key first-quarter GDP data

At The Bell — Australian shares are expected to keep sliding in Week 23, with a -0.5% slide currently lined up in ASX...

Mercury to invest up to NZ$1B to scale up its geothermal platform

Leading New Zealand energy company Mercury is set to pour in up to NZ$1 billion as…

Avira Resources on target for inaugural Mt Cattlin gold drilling

Avira Resources is preparing for its inaugural RC drilling program at the high-grade Mt Cattlin gold…

Carnarvon Energy confirms rig booked for key offshore WA oil hunt

Carnarvon Energy has contracted specialist offshore drilling rig Transocean Equinox to test an Australian offshore oil…