In today’s briefing:
- Fenix Resources (FEX AU): Highlights From The Ignite Investment Summit
Fenix Resources (FEX AU): Highlights From The Ignite Investment Summit
- Executive Chairman John Welborn presented the investment case for Fenix Resources (FEX AU) at the Ignite Investment Summit in Hong Kong on March 26th/27th.
- The company’s imminent production of 4 million tons of iron ore (~$100 USD/ton), is projected to generate AUD 200 million in operating cash flow, matching its current market capitalization.
- The company briefly touched on its M&A opportunity with Coziron Resources (CZR AU), which is expected to add 40 million tons of reserves and further increase production.
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