FXR 0.00% 0.2¢ fox resources limited

Of course the plan for the share price to hit 2-3 dollars...

  1. 594 Posts.
    Of course the plan for the share price to hit 2-3 dollars depends significantly on the PON. As I have said previously and I have always been hounded because of its simplicity but the PON will continue to have pressure downward due to most major nickel reserves coming online are being sold direct to the likes of Jinchuan. However old mines that have no offtake agreements continue to trade thru the LME which is driving up the stockpile while major users by direct. The problem with this is unhedged mines strike their price off the LME.

    Well played Jinchuan, the perfect game of cards.

    And I feel that if the Nickel price falls below $10000USD a tonne it will make Fox mining un-economical and going absolutely nowhere.

    Cheers

    Unclefox
 
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