Our holding of 10.06% of FEX and being the largest shareholder of FEX was recently eclipsed by Col Mitchel (founder of New Haul Transport).
We still have another tranche of options in FEX yet to be exercised (which would make us once again the largest shareholder in FEX).
FEX CEO, John Welborn, is currently starting two new mining operations which will triple production to 4 mtpa. John has stated his goal is to further increase production to 10 mtpa.
Peter Kerr has stated MGX supports FEX and is looking forward to doing a project together with FEX.
Our holding of 10.06% of FEX and being the largest shareholder...
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