Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Iron Ore At 106 USD/Ton: Simandou Uncertainties To Risk Supply, Fenix, The Beneficiary

On The BHP-China Impasse: Iron Ore Will Continue To Be Over 100 USD/Ton

BHP (BHP AU/US) And Woodside (WDS AU/US) Slide as U.S. Sell-Off Spills Into Australian Stocks

Fenix Resources (FEX AU): Exciting Value-Adding Catalyst Can Triple Production Again

Iron Ore: Reiterate Fall to 95 USD/Ton In the Near Term

Fenix Resources Tripling of Production Achieved, 1.2x Price/OCF

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>We are now set for a <a href="https://www.mining.com/explaining-the-iron-ore-grade-shift/" target="_blank" rel="noopener">decline in the benchmark grade from 62% to 61% effective January 2nd, 2026, for Platts</a>, aligning the benchmark with more commonly traded fines.  </li>
<li>Alot of exchanges have begun to adopt this change, and we will update our FY26 numbers for it as well. Iron ore remains elevated at 105 USD/ton, climbing 2.3% WoW. </li>
<li>We continue to advocate strongly for <a href="https://www.smartkarma.com/entities/fenix-resources-ltd" target="_blank" data-smartkarma-citation="entities:7405:1" rel="noopener">Fenix Resources (FEX AU)</a>. Read <a href="https://www.smartkarma.com/insights/fenix-resources-fex-au-exciting-value-adding-catalyst-can-triple-production-again" target="_blank" data-smartkarma-citation="insights:200341" rel="noopener">Fenix Resources (FEX AU): Exciting Value-Adding Catalyst Can Triple Production Again</a> for a detailed outline of our thesis. </li>
</ul>


We are now set for a decline in the benchmark grade from 62% to 61% effective January 2nd, 2026, for Platts, aligning the benchmark with more commonly traded fines.  
Alot of exchanges have begun to adopt this change, and we will update our FY26 numbers for it as well. Iron ore remains elevated at 105 USD/ton, climbing 2.3% WoW. 
We continue to advocate strongly for Fenix Resources (FEX AU). Read Fenix Resources (FEX AU): Exciting Value-Adding Catalyst Can Triple Production Again for a detailed outline of our thesis. 


Iron Ore At 105 USD/Ton: Sweet Spot for Fenix Resources (FEX AU)