FEX - Second boat of 64% IO fines (almost $200/t) sailed last night. MC of ~$110M and ongoing quarters of likely $30M profit... PE <1. The cash will need to extend the LOM, find new ore or special dividend. Following GRR I expect a 3 bagger and cash in hand soon.
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FEX - Second boat of 64% IO fines (almost $200/t) sailed last...
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