FEX 1.92% 26.5¢ fenix resources ltd

emg & plv & trh, page-3

  1. 3,890 Posts.
    Just a couple of comments

    PLV don't have transport issues so their ore inground should be worth more (but how much more is reasonable?)

    EMG have a EV/ton for Magnetite $0.05. 40 cents is around average IMO. This is if you ignore base metals and DSO valuation.

    This is why I am saying transport is the key to unlocking the value of Beyondie in the markets eyes. Looking at 5-10x for DSO or around 8x for magnetite to bring the company up to peer average.

    Again nothing for the base metals.

    I believe OPR cash is due March 2011, so we may not have to wait too long.

 
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