FXR 0.00% 0.2¢ fox resources limited

First positive announcement out of this company in a long long...

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  1. 886 Posts.
    First positive announcement out of this company in a long long time. Shame its taken so long!!!

    Key questions for me though:
    1. How much is it going to cost initially for mining (before product sales income comes in).
    2. Does Fox have the money to cover that or will they need to source debt/equity in order to get the cash-flow necessary to start that up.
    3. Why does it have to wait till September 2010? Why can't it start up earlier?

    Would be nice to have those issues address quite quickly. Otherwise returning to production is a damn good idea!

    Now if they can secure a JV for the Iron Ore, or maybe reduce their focus, and just sell the IO tennemant, then I'll be a happy chappy, and have a little bit of faith restored in this company!!!!
 
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Currently unlisted public company.

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