FEX 3.64% 28.5¢ fenix resources ltd

Ann: Field Work Activities to Commence at Beyondie Project, page-32

  1. 7,412 Posts.
    lightbulb Created with Sketch. 371
    This was trading much higher in the IO bull days when they had an exploration target of 100Mt DSO but fell 100Mt short of this and just has a magnetite resource a long way from the closest port to join a big group of other explorers with similar deposits. Given the capex of around $1b+ to get something like this off the ground, it's hard to get too excited.
 
watchlist Created with Sketch. Add FEX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.