FEX 6.58% 40.5¢ fenix resources ltd

Research Coverage Initiated - MST Access, page-6

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    Shine .....measured 4.3 mt @ 59.2% Fe 9.06% SiO2 and 1.73% Al203.
    ...............indicated 5.1 mt @ 58% Fe 10.51% SiO2 and 1.35% Al2O3.
    A grade control drilling has been completed, it will be interesting to see the mine plan.The SiO2 content is very high, so maybe that will have to be considered.
    I am sitting on the fence about venturing outside the Midwest for transport possibilities, I think AMN and REE will not happen for a while. But as the Chairman said there could be opportunities in the Midwest.
    I hope Craig Mitchell is included in the next webinar, I will be asking for it.
    Also the MST research was paid for by FEX. AIMO.
 
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