FEX 5.66% 28.0¢ fenix resources ltd

jorc and met test work questions, page-16

  1. 3,890 Posts.
    My best guess is an upgrade in 1-2 weeks (maybe 3) to perhaps 550m/t with a target of in excess of 1b to be confirmed by more drilling at a later stage.

    My understanding is that everything is on track although GH has mentioned in emails to me previously to keep in mind that when fast-tracking big projects like this there is a lot to manage (which is a fair call).

    Hard to make predictions on SP over next couple of months. I suspect the next big driver will be news on the base metals project (although very difficult to put any timeframes around this).

    JT
 
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