FEX 2.60% 39.5¢ fenix resources ltd

Ann: Update on maiden shipment of Iron Ridge product, page-142

  1. 6,546 Posts.
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    I don't own GWR either, but I don't have anything in particular against owning it.
    GWR has a significantly longer LOM than FEX. But with lower margins and
    lower IO production (1.25mta for FEX 1.0mta for GWR), I just prefer the financials
    for FEX at this time (more IO produced per annum at lower cost), and hope
    they can take take advantage of the high IO price to generate large cash
    reserves. With cash in the bank, they will have lots of options going forward.

    All IMHO, DYOR

 
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