FEX 0.00% 27.5¢ fenix resources ltd

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  1. 297 Posts.
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    very strong in first half hour. This has to push higher! The Market cap of ~$20m is ridiculously undervalued and it can easily be $50m. They have a 9mt 64% FE resource with no major CAPEX for production. The licence is on a granted ML and has been mined before. A$50+ margin is my estimate with current iron ore price. They only need to produce 1Mt and that is $50 million.

    do your own maths,, but this is a no brainer for me!
 
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Mkt cap ! $198.1M
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Buyers (Bids)

No. Vol. Price($)
1 30000 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 7000 1
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