FEX 1.82% 28.0¢ fenix resources ltd

re: Ann: FIRB Approval for Beyondie Iron Join... 45 cents from...

  1. 3,890 Posts.
    re: Ann: FIRB Approval for Beyondie Iron Join... 45 cents from memory.

    GG - I think the market is looking for commercialisation plans (particularly a timeline to production).

    A feasability study presumably will be funded by the new JV vehicle. In the past terms like 'fast-tracked' have been used, so I'm hoping they're looking to have the project up and running as fast as they can. Detailed plans will be released over the coming months I suspect.

    THe company has always been confident that this deal would go through so I imagine they've been using the best part of the year gone forward planning Beyondie AND their other base metals operations.

    I am very happy for the boys. Many companies have tried and failed with projects like this so their efforts to date should be congratulated.

    JT
 
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