thanks Pihrana. good to understand. yes the big end will ignore us, but unfortunately that translates into a much reduced SP, based on their long term IO forecast. I realise that makes no difference to our performance, profits, dividend, etc. just hope we don’t get the non stop commentary we see on FEX board as they can’t seem to understand current IO price is totally irrelevant to their SP. I do hold some FEX, hoping they will drill the #### out of their JV tenement to deliver lots more high grade ore to increase both LOM and annual output. THOSE the market will take notice of and give a much better multiple and SP.
we have the beneficiation plant now confirmed. Initially for the 2mt of lower grade that’s part of original tenement. But then they can start to get into the that monster 5bt. Once they set out their plans for that, LOM & output will both be much higher, with corresponding higher SP. I guess first things first. The board want to get us into production, then tell us about those expansion plans. which is fair enough, so it will take a bit of time before we achieve a decent rating. But I’m patient. cheers, ned.
TI1 Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
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