Will junior IO producers ever get fair value?, page-3

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antmol89

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02/06/21

14:18

Post #: 53593916
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Originally posted by zendiceman: ↑

great post Ned - I've also had similar thoughts.
my basic position about Fex is that it is not well understood by fundies in a broader sense - it isn't on their radar.
the smarter ones like regal and familiy offices have jumped into other jrns like TI1, CAP & SRK but they are thin on the ground.

I reckon we need to do something with the cash and once this happens we will see dynamic uplift, especially if we get a similar asset in the same location that is less developed.

to your point about exploration vs mining - the market seems to go nuts for "potential" and less nuts for actual fcf.
look at GRR, a wonderful free cash flow machine but that is the biggest yawn in the biz. I own it but it barely moves.

I actually think that FEX management are amongst the sharpest in the biz and will make some vgood next steps.
To that end I think we will have few small break outs followed by a significant move which will reflect our NAV

to conclude I think the answer for Fex is yes. it could well happen sooner than we all think as well. here hoping!

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What is FEX's NAV?

From memory, I think FMG, BHP and RIO all trade at 1x NAV.

FEX Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 29.5¢		Change 0.000(0.00%)		Mkt cap ! $218.6M

Open	High	Low	Value	Volume
29.5¢	30.0¢	29.0¢	$575.7K	1.936M

Buyers (Bids)

No.	Vol.	Price($)
12	502199	29.0¢

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Price($)	Vol.	No.
30.0¢	1019270	13

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No.	Vol.	Price($)
12	502199	0.290
4	813237	0.285
19	166105	0.280
2	184822	0.275
9	99800	0.270

Price($)	Vol.	No.
0.300	1019270	13
0.305	248863	3
0.310	295097	14
0.315	138673	3
0.320	136203	7

Last trade - 16.21pm 21/07/2025 (20 minute delay)

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Will junior IO producers ever get fair value?, page-3

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