announcement, page-6

I hold FXR.

The report is not that good because they did not acheived theIR production target of 4,500 tonnes of contained metal, that would have caused the share price to rocket.

However FXR have 150M shares and options on issue and hopefully their sales and costs are sufficient to support the share price.

FXR reported

Sept 2006
3,166 tonnes of metal
Revenue $3.30 lb
Cost US$1.46 lb produced
1 tonne = 2204 lb
Difference = $13M

Dec 2006
1,834 tonnes
Rev $3.26
Cost $1.24
Difference $8M

Half year to 31/12/06
$21M/ 150M = EPS of 14 cents for the half or 10 cents after tax.

For a full year, that is 28 cents EPS or 20 cents after tax.

HOWEVER THERE MUST BE MORE TO IT THAN THAT.

Let's see what the profit result in February brings.

Yes: there is the zinc upside coming on.