FXR 0.00% 0.2¢ fox resources limited

rock chip sampling 50 per cent magnetite

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    HE might be worth more than $300 million, but if anyone knows good value when it comes to a nickel stock - with a bit of iron ore thrown in for good measure - then Terry Streeter would be the man.

    Streeter, chairman of Fox Resources, waded into the sharemarket on Monday to pick up 600,000 shares to add to his stake of 14.3 million shares and 1 million options.

    That was about one-third of all Fox shares sold on the day, as the run goes on Fox shares ahead of drilling results from its Mt Oscar iron ore project in the Pilbara.

    Rock-chip sampling at Mt Oscar returned gradings of up to 50 per cent magnetite.


    http://www.theaustralian.news.com.au/story/0,25197,23729794-15023,00.html
 
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