ok I've just reread this entire thread and to my surprise...

ok I've just reread this entire thread and to my surprise all posters made some good points and have valid options.... except for the comment someone made about the shares at 30 cents are a better buy that when they were 7 cents....

I just try to keep things simple and only look ahead 12 months as no one cal forecast (accurately) beyond that today...

- of course the SP is linked to the IO price
- company has approx $25m in the bank
- this quarter on track tk make another $30m
- SP is held back as long term holders are taking profits
- SP is held back as there IS a chance IO price could fall significantly
- IF the IO price remains above $175 for the next 6 months FEX will make another $60+m so could potentially have $100m in the bank in early 2022
- current MC is $150m and therefore if IO prices remain high for 6-12 months FEX is massively undervalued

The risk is if IO prices fall the SP will remain around current levels

I am punting that prices remain high for 12 months.

Massive gains will be made if FEX can find more IO, diversify and/or make good acquisitions using the truckloads of $$ it will accumulate over the next 12 months