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26.5¢ fenix resources ltd

Ann: Presentation, page-89

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Bouncingfiddle

725 Posts.

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05/12/20

19:54

Post #: 49369512
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Originally posted by rennis: ↑

That's a nigh on impossible question to answer without crossing your fingers. It all depends on the iron ore price which, given FEX is a high cost producer, means we're especially sensitive to that. There is also the question of how the market will perceive a company with limited ore left. But here is one model, based on exchange rate of 0.723, iron ore price of US$120/t, and 1.25M tpa production. I have assumed 550M SOI. Please note these start from the commencement of production. I've been lazy wrt tax, and just used a flat 30%, I did not include asset depreciation. Still, 9.5 cents per share, after tax per year means I'm happy to hold a small parcel bought at 5 cents, and I might add a few more at or below ~14 cents over the next month or so to bring the average purchase price to 9.5 cents.

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nicely done.

FEX Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 26.5¢		Change 0.000(0.00%)		Mkt cap ! $190.9M

Open	High	Low	Value	Volume
26.5¢	26.5¢	26.0¢	$402.3K	1.532M

Buyers (Bids)

No.	Vol.	Price($)
28	1561063	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	182689	7

View Market Depth

No.	Vol.	Price($)
28	1561063	0.260
7	240000	0.255
27	399005	0.250
13	474345	0.245
16	492867	0.240

Price($)	Vol.	No.
0.265	182689	7
0.270	223961	7
0.275	319941	5
0.280	324281	10
0.285	206513	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

FEX (ASX) Chart