I think we have plenty of iron ore to see us through this cycle and I'd rather they didn't waste money finding more.
For me its about what comes next when we are cashed up
There are massive opportunities out there in a number of commodities and i think we have the management to get us there.
Just think about finding a new project and never needing to cap raise to drill it out or possibly build a plant
I see iron ore as the vehicle that takes us there but its not going to put a rocket under the share price
Just look at the share prices of the big 3 yes they are up a bit but no where near what they should be for the money they are making
Fenix Resources - Medium Term Pricing, page-14
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.8¢ | 26.5¢ | $481.2K | 1.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1008877 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 239848 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |