FXR 0.00% 0.2¢ fox resources limited

I agree with your points pedrof. In essence I think the...

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    I agree with your points pedrof. In essence I think the fundamental problem is that cashflow never eventuated out of the cu. This nearly killed the company. Asset wise they have great ground and targets. The jumping around I believe is a function of trying to go where they believe they can turn short term profits. This then allows them to build mine life. This has worked to some degree. They currently have more mine life than at any other time in the companies history. Now with the options underwritten they know they will get $18 million. This cash is to be used to finalise the cu zn at Whundo with Elizabeth hill mill as the key. Also look at a final BFS for Sholl B2 and to also look below current reserves at Radio Hill.
    None of this has been possible from the money they have earned in the past.
    Now with mine life and money they have 2.5 years to concentrate on growing the company. Not saving the company which is what they have been doing.
    I would measure the company carefully on what is to be done in the next 2 months.
    This is all imo.
 
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