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32.0¢ fenix resources ltd

If you read that thread discussion, Mr Poshman has made some...

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MuppetPastor

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25/03/24

18:58

Post #: 73050136
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Originally posted by tris06: ↑

It seems from that document they were hoping for a larger resource size. This may be the biggest issue is that the amount of processing equipment needed to bring it up to 70% FE content that will cost like a hundred million and yet the resource will only last for less than 10 years. Maybe I am wrong about that.

From what I read a magnetite resource is far more intensive with processing and hence it only makes economical sense if the resource is in the hundreds of millions of tonnes or billions.

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If you read that thread discussion, Mr Poshman has made some interesting comments regarding the Shine mine which also contains ~5mt magnetite.

https://hotcopper.com.au/posts/72692119/single

Last edited by MuppetPastor: 25/03/24

FEX Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.0¢		Change 0.000(0.00%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
32.5¢	32.5¢	31.5¢	$254.0K	791.8K

Buyers (Bids)

No.	Vol.	Price($)
2	241189	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	512911	13

View Market Depth

No.	Vol.	Price($)
2	241189	0.320
5	268596	0.315
8	289394	0.310
6	124081	0.305
12	183974	0.300

Price($)	Vol.	No.
0.325	512911	13
0.330	1166920	8
0.335	187850	5
0.340	326317	7
0.345	103571	2

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 32.0¢			Change 0.000 ( 0.00 %)
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