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7.56% 39.8¢ fenix resources ltd

Ann: SCN: Fenix Iron Ore JV Update - Pharos, page-39

  1. ACEMINER
    2,201 Posts.
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    28/04/21
    15:55
    Post #: 52786766
    Redneck, Rock Star...CAP outside of legal is completely unviable with the numbers they publish. 10mtpa magnetite concentrate production with a DTR of 14.7% for a project capex (no working capital) of $1.4M would not even build the 70mtpa concentrator they need.....maybe the foundations
    FEX Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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