Ni and CU Cashedupbogun. They can do both at the same time, and are shiping concentrates of both (combined I think) to their Chinese friends/shareholders.
Who will now probably be wrining their hands with glee at the thought of Iron Ore.
Something that wasn't mentioned more that pictoralised is the fact that Legend are earning 70% in around half the Iron ore tennemants. Good and bad for Fox I think. Good in the free-carry sense at least for a while. Bad in the sense of IO dilution.
Anyway. I'd like to see a merger happen in the distant future. Think it would be in Fox's benefit anyway -maybe iwth another pilbara explorer like Legend.
FXR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
