So far FYI has been the underperformer of the covered stocks , down by close to 40% since it was covered. I believe the drop was largely due to loss of liquidity and loss of speculative fervour and not due to any fundamental change in business outlook. Today's announcement below indicate the quality of its kaolin feedstock. IMO, if the sp breaks above 9.2c, it would be poised to get back above 10c and beyond.
Independent metallurgical testing of the Cadoux project kaolin feedstock delivers outstanding results,confirming consistent HPA grade that can deliver an intermediate product ranging from 99.996% to 99.997% Al2O3 Result exceeded the Company’s target grade of 99.99% Al2O3 (4N) and will become the standard
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