Ann: SCN: Fenix Iron Ore JV Update - Pharos, page-26

ok thanks rooks.
as I said, the problem comes with the market almost ignoring profits/cash flow from minority interests. It was certainly that way back when I was fully invested in the old days. They will give something for it, but not much. I’d be thinking halve your current numbers at best. Even then maybe too high.
management a ? also I’m my mind. Don’t know enough about them yet. I need to dedicate some serious reading time to go back and see how they’ve handled themselves in the past. One tick is the deal they’ve done with FEX. Would have allowed them to concentrate on the gold. But now we find they have to do the work on IO as well. These juniors have very limited resources (people). That’s why I don’t like any junior who diversifies. Market doesn't either.

I’m also looking for the next potential MRD. Something that’s got prospective ground and will drill in the next 3-6 months.

cheers,

ned.