FEX 0.00% 31.5¢ fenix resources ltd

Looking at last years annual report, as at 30th June 2023 at...

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    Looking at last years annual report, as at 30th June 2023 at Iron Ridge we had 4.14Mt of probable resource, 6.3Mt inferred, and 0.3 indicated. I guess we need the inferred to end up probable with a bit of drilling. I wouldn't panic over this. I also note our net cash generated for the quarter was $25 million as compared with NPAT of $22 million for the first half. The company expects this better profit to continue. Looks to me like we should be 35c now as UberTrader suggested.
    Last edited by precis: 19/04/24
 
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