FEX 2.60% 39.5¢ fenix resources ltd

What should FEX do with all their cash, page-90

  1. 2,200 Posts.
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    Go ramp MGT on another site. Magnetite is a whole different ball game and if you are silly enough to invest good luck to ya. Karara project $US3.2B, Citic Pacific Mining $US13.5B last public disclosure but was much higher, FMG Iron Bridge blown out. Affer many years 10+ are just becoming profitable and have a huge catch up and debts to pay back. Only Chinese companies can afford to undertake these projects with Chinese Development banks deep pockets...and China is persona non gratia with FIRB so good luck!
 
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38.5¢ 39.5¢ 38.0¢ $607.3K 1.561M

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