Rooks, Hoopz,
I don;t think LOM is the major issue, it obviously has some credence, but it is all about costs of production whether you have 10m or 1 Billion tonnes of ore it all comes down to cost of getting the product to market.
So in a few years time will the IO price be at a level that FEX will still be able to mine at a profit that is the question the market has which is holding the SP back and their production capacity is limited not on resource size, but logistics issues of transporting the ore to port ( how many more trucks could they put on the road, inc shortage of drivers? ) and port shipping capacity.
Fex will make a shite load of cash going forward in the next couple of years , but I cannot see it being a pure IO play in the future, unless they pick up a deposit closer to port, there obviously will be some of that cash put into investments in other minerals going forward probably in the battery minerals sector..
Cheers BK14
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Rooks, Hoopz,I don;t think LOM is the major issue, it obviously...
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $198.1M |
Open | High | Low | Value | Volume |
26.5¢ | 28.0¢ | 26.5¢ | $946.9K | 3.475M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24373 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 60669 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3703 | 0.270 |
3 | 97543 | 0.265 |
13 | 405058 | 0.260 |
19 | 642267 | 0.255 |
24 | 962681 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 57072 | 2 |
0.285 | 279972 | 5 |
0.290 | 113888 | 2 |
0.295 | 196483 | 2 |
0.300 | 741282 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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