FEX 1.92% 26.5¢ fenix resources ltd

Will junior IO producers ever get fair value?, page-10

  1. 1,601 Posts.
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    thanks Eclectic_nish.
    great info and apologies if it dragged up some bad memories. But really good to know what happened during and after the last IO boom. when this one ends, these juniors will go the same way unfortunately. Trick is to be long gone before then. I think we’ve got some time; 1-2 years, maybe more. I watch global markets to keep an eye on things.

    I was hoping to use SP charts, IO chart and company announcements to look at where & when the big surges in SP, but that’s a bit too far back.

    from what I’ve seen with this batch of juniors, first run comes on discovery, as you’d expect. Next decent hike comes when successful feasibility is announced. Interestingly getting into production doesn’t do anything. FEX had it’s run a month or two after it’s first quarterly in production. But IO was running hot at the time, so maybe a bit if both there.

    so from here, it’s a matter of a higher IO price, or good announcements on acquisitions, or successful drilling on current tenement or JV.

    if you think of any other market moving issues, let us know.
    I’ll chat to you on SRK over on that board.

    cheers,
    ned.



 
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