FEX 1.32% 37.5¢ fenix resources ltd

Ann: Presentation to Global Iron Ore & Steel Forecast Conference, page-6

  1. 1,601 Posts.
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    morning all.

    I agree to a certain extent, Rod. That the odds are long; maybe not 100/1, but certainly long.
    no mention of that at all in this update, tells us it’s a fairly low priority in their current thinking. There will be IO there. It depends on grade and quantity. Until they drill it, no one can know.

    they’ve got 6 years left, so plenty of time and they sure are thanking their time. With IO prices high and rising again, it would be very expensive to buy anything decent closer to port.
    I suspect they might branch out into some other commodity. Li would be ideal, with all the hype around that one. But I doubt that.
    we’re a long way from next possible div announcement, so nothing much to drive the SP other than IO price. The Russian stuff apparently will only start to bite from here on in. So that’s good news.
    there are still plenty looking to exit I suspect, but depth looks ok for now.

    cheers,

    ned.
 
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