Hi All,
I know I should be able to find this myself but I can't. Been reading up on FEX this evening and just wanted to ask some of the more informed investors if there is the potential to increase the mineral reserve at Iron Ridge or is it nearing the end of its life?
Entered this one not too long ago and I feel as though its got plenty of legs. Would just like to know if FEX might be able to squeeze more life out of Iron Ridge?
Shine restarting should add to the profit a fair bit, and it seems as though next year they'll begin to mine Beebyn deposit that they've secure rights to.
MST seems to think we only have until the end of 2027 for Iron Ridge? I wonder if this is the reason the market is being conservative in its overall valuation of FEX.
Research Coverage Initiated - MST Access, page-95
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Last
40.5¢ |
Change
0.025(6.58%) |
Mkt cap ! $281.3M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.5¢ | 38.0¢ | $1.123M | 2.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 215301 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 258822 | 5 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |