FEX 1.85% 26.5¢ fenix resources ltd

Ann: Potential for High Grade Direct Reduction Ir, page-29

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  1. 7,140 Posts.
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    re: Ann: Potential for High Grade Direct Redu... The oppies got slaughtered today as the big seller has forced small punters to offload below his order.

    I was stoked to get an EMGO order filled today at 30.5c so I'm back in now :-)

    I saw an article today regarding the Oakjee Port & Rail (OPR) project. They are currently taking EOI's for space at the port from mining companies hoping to get ore out through OPR.

    Apparently at this stage there are a few large players, plus a number of junior/explorer companies who have applied but the company names are being kept confidential at this stage.

    This is the big unknown for EMG - transport & access to port is going to be a huge hurdle to clear. $200 million from CMIC certainly is not enough to make all this happen. It's going to take lots of time (minimum 2 yrs) and plenty more capital.
 
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