FEX 5.08% 28.0¢ fenix resources ltd

FEX tell tale signs on Expansion, page-9

  1. 993 Posts.
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    The company has sold about 3 mwmt of product in the last two years. With 8 mwmt in reserves remaining at Iron Ridge. Thats 4 more years of operations at Iron Ridge, followed by what? FMG or BHP arguably looks like a better deal with their lower costs and longer mine life. The cake has been had here. Best time to get in would have been for those knowledgeable few who saw the resource and its potential 5 years ago.
 
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