FEX 0.00% 31.5¢ fenix resources ltd

Do you think that whilst those calculations do indicate a 70-80c...

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    Do you think that whilst those calculations do indicate a 70-80c , the market will discount EV of FEX on the grounds of LoM, IO price longer term, etc. which could reduce those estimates. FEX won’t be valued in the same way as say FMG which has its positives and negatives. FMG are certainly more established and in steady state whereas FEX is ramping up ; growing fast and exposed to more risks but with higher upsides.

    Regardless we should see lots of upside but maybe not as much. Time will tell.
 
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